In the company's fourth quarter 2017 results announcement, it said it will discontinue its Karma drone and exit the category. "Despite significant marketing support, we found consumers were reluctant to purchase HERO5 Black at the same price it launched at one year earlier", reads GoPro's press release. GoPro cut the price on December 10, which helped sell-through at the expense of margins.
Shares in GoPro dropped more than 20 per cent today, but partially recovered after the camera company said it would consider selling up to a new owner. The premium model now goes for $399, down from $499.
"Although Karma reached the #2 market position in its price band in 2017, the product faces margin challenges in an extremely competitive aerial market", says the GoPro statement. GoPro has also cut the price of the Hero6 Black camera from $499 to $399 to improve sales.
GoPro has faced intensifying competition in the action camera market, as big tech companies from Samsung Electronics to Google have started selling similar products. GoPro said that new regulations being considered in the USA and Europe would reduce the overall market for recreational drones. The current workforce of 1,254 employees will be whittled down to fewer than 1,000.
News broke Monday afternoon that GoPro has hired JPMorgan to explore a possible sale.
While GoPro's stock came under serious pressure on Monday, there was one clear victor in its investor base: traders betting against the company.
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. Its holiday results were downright very bad, and its disastrous attempt to enter the drone market is the kind of mistake that well-run companies seldom make.
Gall sufrió duros golpes durante su vida: su esposo murió a los 44 años, en 1992, y cinco años después falleció su hija Pauline . France Gall procedía de una familia de músicos y desde los 16 años ya estaba pisando los escenarios.
Thirty-two people are missing after an oil tanker and a cargo ship collided off China's east coast on Saturday evening. Iran's oil ministry has confirmed that at least 30 Iranian citizens were missing in oil tanker incident.
Unlike any other platform, you'll be able to demo VR games in the VR world through the Vive headset prior to purchasing a title. The full Vive Pro bundle, which will ship with "2.0" versions of the base tracking stations, will launch at a later date.
Buffalo settled for a 31-yard field goal by kicker Stephen Hauschka to take a 3-0 lead with 1:49 left in the first half. Jacksonville have won the AFC South for the first time ever with defence and the running game.
De enero a noviembre de 2017 el estado tuvo 860 homicidios con arma de fuego, mientras en 2016 fueron 791 en el año completo. Los comensales que se encontraban en el restaurante salieron corriendo al ver entrar a los hombres armados.
The court intervened in the matter after a journalist filed Public Interest Litigation (PIL) against the unions strike. The trade unions demand a 2.57 percent hike while the government insisted on 2.44 percent hike.
Los Tiburones Rojos anunciaron la llegada del volante peruano , que llega a préstamo por un año con opción de compra. Su rendimiento será clave para que los Tiburones Rojos se queden en definitiva con su carta pase.
Meanwhile, Yadav is undergoing treatment at Max Hospital in Shalimar Bagh and Rohit is being treated at the LNJP Hospital. Yadav, who was admitted in "extremely critical" condition at the AIIMS Trauma Centre, succumbed on Sunday evening.
Dictan prisión preventiva a Roberto Borge
Empero sólo comprobaron que de los 22 predios, pretendieron ocultar tres transacciones por las empresas fachada. Esta mañana fue vinculado a proceso el ex gobernador de Quintana Roo , Roberto Borge .
Just one win in last eight starts
Buffalo kept the goal empty down 3-1 and Provorov notched the Flyers' fourth goal with about 30 seconds left. The team's been forced to kill penalties 11.6 minutes per game over their last five home outings.