Four months after its launch, Snap purportedly abandons its selfie drone.
According to The Wall Street Journal, the business will continue to sell the Pixy for the time being.
Snap introduced the Pixy selfie drone less than four months ago, but it appears the business is already abandoning up on the gadget. According to The Wall Street Journal, CEO Evan Spiegel informed staff that Snap has decided to refocus its efforts and stop future development on Pixy.
The $250 drone can land and take off from your palm. It can take pictures and movies that you can upload to Snapchat and share, and it has four pre-programmed flight courses. At least for the time being, Pixy can still be purchased through Snap’s website. According to the Journal, Snap will continue to sell Pixy for the time being. Snap has been contacted by Engadget for comment.
Like many other businesses, Snap has been adversely affected by a general slowdown in the economy. Its share price fell by over 40% in July after it reported its worst quarterly sales increase to date. The value of Snap’s shares has decreased by over 80% in the past year. Additionally, the business said last month that it would drastically reduce recruiting.
In recent months, a number of significant tech corporations have changed their goals. For instance, Meta is apparently focussing on Portal devices as enterprise goods and has reportedly scrapped plans for a wearable with two cameras. Others have delayed hiring plans and fired workers.