Their business model is flawed too,
They've been trying to sell them at too high a price when other competitors are making the same devices for much lower cost. Their CEO even admitted that they priced them too high.
A lot of their business was via mounting GoPros to drones but now the drone manufacturers are building their own cameras into their drones. GoPro have said that they are building a drone to rival the likes of DJI but I think it's too little, too late. They're already so far behind the main drone manufacturers that unless it's really special, they're doomed to fail.
Also in the last few weeks they just laid off around 10% of their workforce. Things are not looking good for them in the imaging space.
Posted By: I Am Hoot on February 1st 2016 at 20:43:34
Message Thread
- Gopro advice...why is the hero4 session half the price of hero4 black (General Chat) - Sonic, Feb 1, 20:25:08
- Thanks all (n/m) (General Chat) - Sonic, Feb 1, 21:12:05
- Got the black4 for skiing. Sound is excellent, picture superb (General Chat) - Hulk Rules, Feb 1, 20:45:03
- Gopro advice... shit's about to hit the fan and Gopro's are going tobe going cheap soon! (General Chat) - ChengdeCanary, Feb 1, 20:31:34
- Why will they be going cheap? Cheers for your help (n/m) (General Chat) - Sonic, Feb 1, 20:33:38
- Their business model is flawed too, (General Chat) - I Am Hoot, Feb 1, 20:43:34
- noones been buying the session ones (General Chat) - matt in london, Feb 1, 20:41:33
- Check the 1yr tab on this graph: (n/m) (General Chat) - ChengdeCanary, Feb 1, 20:37:38
- Whoops! link here (General Chat) - ChengdeCanary, Feb 1, 20:38:06
- Why will they be going cheap? Cheers for your help (n/m) (General Chat) - Sonic, Feb 1, 20:33:38
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