We have featured a number of different Flip Video Camera’s here on Geeky Gadgets over the past couple of years and even a Wi-Fi model that appeared at the FFC in January this year.
But Cisco is now refocusing its attention away from consumer products and more towards its enterprise customers and will be closing it Flip business with the loss of 550 jobs. Cisco will continue to “support current FlipShare customers and partners with a transition plan.” FlipShare was a service designed to make it easy to share videos created on Flip video cameras.
When Cisco initially bought Pure Digital, the company that originally designed and created the Flip, for $590 million in 2009 the demand for pocket video cameras was still strong. However the widespread availability of video-capable smartphones has undermined demand for the stand-alone video cameras offered in the Flip business.
Source : Tech Crunch