Cisco said that while Flip dominates the small camcorder market, the market is too small to make a profit.
What killed Flip? Smart phones. People have phones that can do it all, and a device that just shoots video is obsolete.
I considered buying a Flip last year. They really came down in price, and they looked like fun. I then realized there's nothing I really wanted to record. A still camera is all I need-- and the still camera can shoot video. So can my iPod.
It really is too bad. We had a couple Flips around the office. They're easy to use. Getting the video in to a computer and doing basic editing is simple.
Cisco added that while it will no longer manufacture the cameras, it will still offer support. You can still get a Flip type camera from a few other manufacturers.
About 500 people will lose their jobs when Flip shuts down.
