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Author Topic: GoPro Might Be Throwing in the Towel  (Read 225 times)

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Offline SuperHans

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GoPro Might Be Throwing in the Towel
« on: January 09, 2018, 05:49:25 AM »
Looks like all the cheap knock off action cameras may be hurting GoPro. Just looking around Amazon you can find plenty of them in the $50 - $100 range with excellent reviews.

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And it just keeps getting worse for GoPro.

To recap, the floundering action cam company has been in poor financial health for years. Hundreds of staffers packed up their desks and skateboards in a round of layoffs affecting between 200 and 300 staffers Friday afternoon. Many of those let go were attached to the company’s barely-functioning aerial division, which GoPro announced it was shuttering earlier today. Can it get worse for this flagging, once-hyped company? Yes!

According to CNBC, CEO Nick Woodman is considering a partnership or sale of his company, and has paid for the services of J.P. Morgan Chase to help facilitate it. That report contains the telling line:

It’s unclear if there is an interested buyer for the company.

We may be jumping the gun here, but just in case—lets pour one out for GoPro. You were always too extreme for this mundane, price-conscious planet.

Offline Leanintree

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Re: GoPro Might Be Throwing in the Towel
« Reply #1 on: January 09, 2018, 10:52:43 AM »
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We may be jumping the gun here, but just in case—lets pour one out for GoPro. You were always too extreme for this mundane, price-conscious planet.


In other words, they created the niche, then fell victim to overpricing their wares. I've seen that more times than I can count. Innovation is a wonderful thing, but that single solution market never lasts, particularly for something that is in essence a luxury good. If it costs too much, other suppliers will find a better price point.

LT
« Last Edit: January 09, 2018, 11:05:51 AM by Leanintree »
Great googly-moogly!

Online Cookie

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Re: GoPro Might Be Throwing in the Towel
« Reply #2 on: January 09, 2018, 11:10:50 AM »
Xiaomi makes a great little action camera for cheap.

Offline SuperHans

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Re: GoPro Might Be Throwing in the Towel
« Reply #3 on: January 09, 2018, 11:20:45 AM »
Xiaomi makes a great little action camera for cheap.

Xiaomi makes quite a few great electronic items for cheap.

Offline cyjo

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Re: GoPro Might Be Throwing in the Towel
« Reply #4 on: January 16, 2018, 09:44:31 PM »
Even if you like GoPro, there is little reason to get the latest model. For the 3+ I have is 1080 capable and that is more than enough to document a few rides. If I was making money off the vids it might be another story.