by Ben Fisher
Posted on July 30, 2014
In this interesting interview with Reuters, DJI founder Frank Wang talks revenue, company history and the future.
When they launched 7 years ago it was just a small team of 2 or 3. With out much thought they saw that the market was taking off which was mostly occupied by DIY drones. After deciding to focus on the multirotor and a ready to fly model their sales took off. Last year their revenue was $125 million and they are expecting 4 to 5 times that this year.
In the interview he uses a quote from Michael Moritz from Sequoia Capital to explain that the state of the drone market is in parallel to how the personal computer revolution was when the Apple 2 hit the market. They are expecting growth but nobody really knows just how much to expect.
Since drones have many applications and in nearly all of them they save time, money and potentially lives, we believe we are just seeing the tip of the iceberg.