What should they be doing? They are an action camera company, they make action cameras. Do you think they needed to branch out to do energy drinks and lunchables or whatever?
If they have a solid product and do not want to make “energy drinks and lunchables”, the best financial move would be to optimize it. Find ways to make it smaller, lighter, and most importantly, reduce costs.
But if I were in charge, I’d seriously think about trying to eat DJI’s drone lunch now that there are FAA rules around foreign drone companies. GoPro is headquartered in San Mateo. Drone design is well known enough that there aren’t any hard problems in the way of introducing a decent DJI mini replacement. There may be patents or other non-technical stuff in the way though. But if they could get in on that, it could be immensely lucrative, especially if they can get government contracts.
the smartphone space has way more competition and their market is literally everyone on the planet. there are 6 billion smart phone buyers.
the vast vast majority of whom, do not need the power in most phones. there is no demand for improving phones, they have peaked. Phones are a commodity at this point, like your average desktop/laptop.
What should they be doing? They are an action camera company, they make action cameras. Do you think they needed to branch out to do energy drinks and lunchables or whatever?
If they have a solid product and do not want to make “energy drinks and lunchables”, the best financial move would be to optimize it. Find ways to make it smaller, lighter, and most importantly, reduce costs.
But if I were in charge, I’d seriously think about trying to eat DJI’s drone lunch now that there are FAA rules around foreign drone companies. GoPro is headquartered in San Mateo. Drone design is well known enough that there aren’t any hard problems in the way of introducing a decent DJI mini replacement. There may be patents or other non-technical stuff in the way though. But if they could get in on that, it could be immensely lucrative, especially if they can get government contracts.
Mini drone that follows/records the user and wide angle panoramas of the surrounding area at the same time.
Get to it, gopro. Be the change you wish to see.
make action cameras that people want to buy?
instead of pushing the same product with minor updates for greater costs which bring no benefit to the consumer?
Works for smartphone manufactuters though
the smartphone space has way more competition and their market is literally everyone on the planet. there are 6 billion smart phone buyers.
the vast vast majority of whom, do not need the power in most phones. there is no demand for improving phones, they have peaked. Phones are a commodity at this point, like your average desktop/laptop.