Cisco ends Flip Video line
So it looks like Cisco just wasted $590 million when it bought Pure Digital Technologies, maker of the Flip video, back in 2009. The company has just announced it will be shutting down its consumer device division.
The Flip has only been recently launched in the Philippines (November 2010) so this news is a bit of a surprise. Looks like Cisco is not doing good so it will be dropping some parts of its business to concentrate on its core competencies.
Flip Video prices:
Flip Ultra HD w/ IS â€“ Php12,995
Flip Mino HD 4GB w/ IS â€“ Php9,995
Flip Mino HD 8GB â€“ Php10,995
If you own a Flip, hold on to it. If not, this could be your last chance to get one before it totally goes out of stock.