Stock market today: S&P 500, Nasdaq notch big gains as Tesla kicks off 'Magnificent 7' earnings
Yahoo Finance · 3 days ago
Huawei
Search results
- 38,239.66Add to watchlist+153.86 (+0.40%)At close: Fri. Apr 26, 2024 5:18 PM EDT · Delayed Quote (USD) · Market closed
- Open38,114.70Low38,065.05High38,337.64
- Prev. Close38,085.80Vol401.46MAvg. Vol342.01M
- Mkt CapN/A52 Wk. Low32,327.2052 Wk. High39,889.05
Top storiesRelated stocks
People also ask
Will DJI products be available in 2021?
What happened to DJI?
Will DJI be sidetracked by supply chain issues in 2021?
Will DJI gimbals be available next year?
- Pre-market US stock movers. Active Gainers Losers. Price Change % Change Volume 52-week range. World markets. Americas Europe Asia-Pacific. Price Change % Change.
- Commodities. Most active Energy Metals Agriculture Livestock. Price Change % Change Volume 52-week range.
- ETF movers. Active Gainers Losers. Price Change % Change Volume 52-week range.
- Cryptos. Price Change % Change.
E-mini Dow Jones ($5) futures are derivative contracts with the Dow Jones Industrial Average (DJIA) Index as an underlying asset. These mini futures are electronically traded and give investors exposure to the US stock market through 30 US blue-chip companies, but they represent only a portion ($5) of standard Dow Jones futures, which makes ...
2 days ago · 1 D. 5 D. 1 M. 3 M. YTD. 1 Y. 3 Y. $ % Advanced Charting Compare. Compare to Benchmark: S&P 500. GLOBAL DOW. NASDAQ. Compare to. Open 38052.09. Prior Close 38460.92 (04/24/24) 1 Day. DJIA...
- Overview
- DJI ban: what has happened and why?
- How does it affect flying or buying DJI drones today?
- What does it mean for DJI and drones in 2021 and beyond?
- Get daily insight, inspiration and deals in your inbox
News
By Mark Wilson
last updated 10 March 2021
Have DJI's drones hit turbulence or will they continue to fly?
(Image credit: DJI)
In a decidedly un-festive move, the US government recently placed drone maker DJI on its 'Entity List', the same trade blacklist that Huawei found itself on last year.
On 18 December the US Department of Commerce announced that several companies, including Chinese drone maker DJI, had been added to its 'Entity List'.
This list trade blacklist, which Huawei was added to in 2019, doesn't prohibit DJI from selling its products in the US. But it does restrict DJI's access to US technologies, which could impact the company's worldwide supply chains and product development.
While the US government didn't specifically reveal why DJI had been added to the 'Entity List', it did reveal two reasons why four companies (including DJI) had been blacklisted.
According to the US government's Federal Register, these include "enabling wide-scale human rights abuses within China through abusive genetic collection and analysis or high-technology surveillance" and “facilitating the export of items by China that aid repressive regimes around the world”.
All of this has been deemed "contrary to US foreign policy interest", so DJI has been placed on the list, which could have big some big knock-on effects for the company and drone fans.
Again, there is no ban on buying or selling DJI's products in the US. The 'Entity List' instead limits "exports, rexports and transfers" to companies named on the list, so it could restrict DJI's ability to use US-based components or technologies.
Right now, not at all. After the decision was announced, DJI told us: "DJI is disappointed in the U.S. Department of Commerce's decision. Customers in America can continue to buy and use DJI products normally. DJI remains committed to developing the industry's most innovative products that define our company and benefit the world.” It also made a similar statement on Twitter on December 22.
You can carry on flying or buying drones like the DJI Mini 2 or DJI Mavic Air 2 as normal, as there's been no immediate impact on the availability or stock of its drones and gimbals.
However, there's a chance this could change next year. We spoke to David Benowitz, Head of Research at DroneAnalyst and a former DJI Marketing Manager, about how the US government's decision to place DJI on its 'Entity List' might impact the company's ability to sell its existing products.
David Benowitz told us: "We suspect that this won’t have an immediate impact on the availability of DJI products, but may limit the supply of DJI products towards the middle of 2021 as current stock of units and materials run out."
The long-term impacts of the decision on DJI and the worldwide drone market are harder to predict. There's a good chance we'll start to see new DJI alternatives emerge in the consumer drone space, particularly in the US. But DJI may already have contingency plans in place, given the US government's decision hasn't exactly come out of the blue.
This isn't the first time DJI has experienced friction with US authorities. In May 2019, the Department of Homeland Security issued an alert raising its concerns about Chinese-made drones, while a US ruling in May this year suggested that DJI drones could be banned due to patent infringements.
This means DJI has likely been planning for US disruption, which could help soften the long-term impacts. As DroneAnalyst's Benowitz told us: "Even before being added to the Entity List, DJI has invested in moving its supply chain to China, which will limit the long-term impacts on the company."
He added: "The larger impact will be consumers reconsidering DJI products based on claims that they are supporting human rights abuses and aiding repressive regimes around the world. We are likely to see new US start-ups become more competitive and release new drones into markets dominated by DJI, such as the affordable camera drone space."
Right now, DJI dominates the hobbyist and pro aerial photography space, thanks to drones that range from the beginner-friendly DJI Mini 2 to the DJI Mavic 2 Pro. While our reviews have found these flying machines to be the best in their class, DJI's addition to the US Entity List will likely see some long-awaited competition emerge in the US and potentially worldwide.
That's unlikely to happen overnight, though. DJI's dominance has ensured that potential rivals, including GoPro and Parrot, have already turned away from consumer drones, so it'll be left to relatively new players like US-based Skydio and Autel Robotics to step up their hobbyist drone games.
Get the hottest deals available in your inbox plus news, reviews, opinion, analysis and more from the TechRadar team.
Contact me with news and offers from other Future brandsReceive email from us on behalf of our trusted partners or sponsors
Jul 29, 2023 · The Future of Drones: Trends and Predictions for 2024 | Drone Nomad. by Drone Nomad. on July 29, 2023. Setting the Stage for the Future of Drones. As we stand on the precipice of a new era, it’s clear the drone landscape has undergone seismic changes. What was once a nascent industry is now poised to redefine global norms.
Oct 11, 2022 · DJI “Future of Possible” is focused on the next big steps for the commercial drone industry – automation and flight beyond visual line of sight (BVLOS) with DJI’s newest product, the DJI...
Apr 3, 2024 · DJI has shared a pair of new product teasers with unusually revealing images, so we have a good idea of what to expect at the upcoming announcements. For drone fans like me, the most exciting is the "Ready to Roll" teaser, which trails a launch date of April 11 at 9am EDT / 2pm GMT.
