Not really sure how things could be worse for GoPro. They’ve announced terrible first quarter results and delayed launching their next big product, the Karma drone, according to a story on The Verge.
[GoPro] saw its revenue drop by 49.5 percent from the same period in 2015, and it swung from a $22 million profit to a $121 million loss. The company also announced that its new drone, the Karma, will be delayed until the winter holiday. It was originally slated to be released in the first half of this year.
Yes, a $121 million loss for the quarter. We’ve never really understood the mass appeal of drones, or of GoPro cameras for that matter, so we guess we don’t find much of this recent news all that surprising. Click here for the official GoPro financials, or here for some of Jeff Harbaugh’s thoughts.
[Link: The Verge]
