While consumer drone leader DJI makes headlines at this week’s CES with new products, GoPro announced Monday it would pull out of the drone business after it sells its remaining stock of Karma drones.
The news comes after word leaked last week that GoPro was about to lay off more than 250 workers from its aerial division. The layoffs and Karma kill-off comes amid estimates that GoPro’s fourth-quarter revenues will fall more than $100 million short of projections.