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.
Y de hecho, ya hemos visto señales iniciales en la campaña presidencial mexicana ", comentó. "Así que ese es un aspecto donde queremos confrontar los comportamientos desestabilizadores con Rusia", explicó.
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.
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.
Recorded in the fall and aired December 27, the former president said that leaders shouldn't use social media to stoke division. Former President Obama, the show's inaugural guest, will give his first TV talk show appearance since leaving office.
Departures were not impacted. "We are asking customers to call their carriers for updates on flight information". Hundreds of bags have been lined up, CNN reported, with travelers sleeping next to their suitcases.
It won't be too far-fetched to see the Samsung Exynos 9810 make its debut on the upcoming Galaxy S9 expected to release soon. This translates to a vast 1.07 billion possibilities of colors, or 64 times the previous 8-bit color format's 16.7 million.
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.
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.
Murió la cantante del hit en francés que el mundo bailó
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.
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 .
El ARA Puerto Argentino se suma a la búsqueda — ARA San Juan
El de este viernes se trató del primer viaje en su tipo de los familiares de los 44 tripulantes desde que se produjo el incidente. El Estado Mayor Internacional conformado por las armadas de Estados Unidos, Rusia, Reino Unido y Argentina, asesoró la búsqueda.
4 powerlifters killed in Delhi road crash
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.