GoPro ’s revenue and stock price are go off a drop flop now , thanks to quarterly results that are in the tank . Company financials are not ordinarily interesting in the slight , but when they might spell the end days of a immensely popular television camera fellowship , it ’s worth paying attention .
We do n’t normally cover quarterly earnings calls , but GoPro ’s seems to threaten the future tense of its company : Today , GoPro harbinger revenues for the past quarter of $ 436.6 million , leading to a going of $ 34.4 million . More worryingly , the forecast for next fourth part is $ 160 million , way down from the $ 300 million antecedently anticipated .
Why does that matter ? Well , in the recollective run , it could spell out the demise of the most popular action television camera party on the market ; in good order now , it ’s led to GoPro cut its melodic phrase of camera in one-half . Going forward , GoPro is only going to sell theHero 4 Black , the Hero 4 Silver , and the Hero 4 Session , which leave three other cameras — including the $ 130 Hero — out to pastureland .
GoPro ’s portion for the next year are break down to rely heavily on the launching of the Hero 5 , but more importantly the coming GoPro drone , called Karma . Whether autonomous flight and better epitome quality can revive GoPro remains to be seen , but either way , it ’s grim clock time for the business that fundamentally invented natural action television camera .
CamerasGadgetsGoProTechnology
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