Home United States USA — IT Parrot to cull its drone division by over a third

Parrot to cull its drone division by over a third

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NewsHubDrone sales may be on the rise, but all is not well for the second biggest company on the US market , Parrot. In a press release from its Paris headquarters today, the company has revealed that its fourth quarter failed to meet targets by 15 percent, coming in at 85 million euros, not the expected 100 million.
“The commercial performance for consumer drones in the fourth quarter was achieved based on margins that would be insufficient to deliver profitable growth for this business over the medium and long term,” the announcement reads.

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