Cisco shuts down Flip pocket camcorder unit

Cisco has announced it is closing down its Flip pocket camcorder business, two years after acquiring it. According the company, the move is a part of a restructuring of its consumer business as it looks to focus on its core internet equipment activities. The announcement comes as market research company GFK revealed the pocket camcorders, which Flip helped popularize, have been driving camcorder growth and now account for over 50% of total UK sales.

Click here to read Cisco's press release

Click here to read the GFK's press release

You may also like

Poll: What concerns you most about Adobe's move to subscriptions? May 8, 2013	Photoshop CC: Adobe responds to reaction May 8, 2013	Adobe heralds subscription-only future for Photoshop and Creative Suite May 6, 2013	Adobe updates Creative Cloud with exclusive tools for Photoshop CC May 6, 2013