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Category Archives: gopro

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GoPro Is Putting Itself Up For Sale

Adnan Farooqui January 8, 2018


It hasn’t been smooth sailing for GoPro, the company that was valued at $3 billion after its 2014 IPO. It continues to struggle with weak revenues and has had to abandon new product plans due to margin issues. The company seems to have prepared itself for the inevitable. GoPro is thinking about selling itself.

GoPro confirmed earlier today that it’s laying off employees from its drone division. The company also confirmed that the Karma drone is going to be its last product from this division. GoPro has bowed out of the drone market.

As of Monday afternoon, the company’s market capitalization has dipped to nearly $1 billion. Its shares were down 19 percent in midday trading after it confirmed reports that about 20 percent of its workforce was being laid off.

GoPro CEO Nick Woodman told CNBC earlier today that the company is willing to consider a sale or partnership with another company even though it plans to stay independent. “If there are opportunities for us to unite with a bigger parent company to scale GoPro even bigger, that is something that we would look at,” he said.

The scribe reports that GoPro has hired J.P. Morgan Chase to seek a potential sale of the company. J.P. Morgan chase also helped underwrite GoPro’s 2014 IPO. It’s not clear right now if there are any suitors for GoPro.

GoPro Is Putting Itself Up For Sale , original content from Ubergizmo. Read our Copyrights and terms of use.

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GoPro Has Given Up On Drones

Adnan Farooqui January 8, 2018


GoPro unveiled its much-rumored Karma consumer drone in late 2016 and released it a few months later. However, the company had to recall all units in November last year due to a battery issue that caused its drones to just fall out of the sky. The Karma was re-released a few months back but it didn’t really hold its own against competitors like DJI. GoPro’s drone ambitions have come to an end now, though. The company has confirmed that it’s bowing out of the drone business.

It was reported last week that the company had laid off 200-300 employees and that they were mostly from its drone division. This suggested that the future of this division was uncertain.

GoPro confirmed during its quarterly earnings report today that the Karma is its first and last drone. It’s not going to release a successor to the $799 Karma drone despite claiming that the Karma had “reached the #2 market position in its price band in 2017.” GoPro did acknowledge that the product “faces margin challenges in an extremely competitive aerial market.”

The company is going to exit the drone market completely after selling its remaining Karma inventory. GoPro has said that it will continue to provide service and support to Karma customers.

GoPro Has Given Up On Drones , original content from Ubergizmo. Read our Copyrights and terms of use.

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GoPro’s Drone Division Staff Laid Off

Adnan Farooqui January 7, 2018


GoPro doesn’t seem to be interested in investing a lot of resources in its drone program. According to a new report, the company has conducted a new round of layoffs which is primarily aimed at its drone division. The report mentions that most of the 200-300 employees that have been let go in the past week were from the part of the company that worked on its Karma drone.

This is the fourth round of layoffs at GoPro since 2016. GoPro reportedly sent out a letter to the affected employees explaining that the job cuts are a part of restructuring efforts “to better align our resources with business requirements.”

TechCrunch reports that while the affected employees were relieved of their duties earlier this week, they will remain on the company’s payroll until February 16th.

The future of GoPro’s drone division remains uncertain at this point in time. There haven’t been a lot of reports recently about a new drone that the company might be working on. The launch of its first drone – the Karma – wasn’t without its problems either.

Aside from the technical limitations, the company also had to issue a full recall after reports of Karma drones falling out of the sky for no apparent reason. GoPro blamed it on the battery disconnecting mid-flight and later released the drone once again.

GoPro’s Drone Division Staff Laid Off , original content from Ubergizmo. Read our Copyrights and terms of use.

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GoPro Fusion 360 Camera Released Sans Some Software Features

Adnan Farooqui November 14, 2017


GoPro unveiled its 360-degree Fusion camera in late September and the company has now started shipping the device. However, some software features that the company talked about during the camera’s launch are not going to be available at launch. They won’t be available for the camera until “early 2018.” The GoPro Fusion 360 camera is now shipping out in the United States and Europe.

The GoPro Fusion 360 is a 5.2K camera that’s capable of recording video at 30 fps. It’s also capable of recording 3K video at 60 fps. The camera can capture 18 megapixel photographs as well.

It has some other features as well which include voice control, water resistance up to 16 feet, and optical image stabilization. GoPro sells it for $699.

The camera has another feature called OverCapture. It allows users to recapture and share their 360 degree footage in a conventional fixed perspective video. While the company talked up the mobile OverCapture feature when the camera was announced, it’s not available at launch.

GoPro has said that customers will have to wait until early next year before they’re able to use the OverCapture feature. The feature lets them use a phone’s gyroscope to get the frame they wanted by moving the phone around physically.

Customers will be able to make these edits on their desktop with Fusion Studios, though. The visualization presets like PanoFlow and Tiny Planet will also not be available at launch.

GoPro Fusion 360 Camera Released Sans Some Software Features , original content from Ubergizmo. Read our Copyrights and terms of use.

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GoPro Gets Covered By Lava And Miraculously Survives

Tyler Lee November 7, 2017

GoPro’s cameras have a reputation to them about how they are sturdy and rugged and can be used in extreme situations. We’ve seen the camera used during various extreme sporting activities, dropped, dunked underwater, and survive, but could a GoPro survive after being doused with lava?

Turns out the answer is yes, although we do not recommend it. Erik Storm, who is the owner and lead guide of Kilauea EcoGuides in Hawaii was on a tour about a year and a half ago when he decided to put his GoPro into a crack between the rocks to film the flowing of lava. He was telling a story when he noticed that molten lava had completely covered his GoPro, with the camera catching on fire in the process.

Speaking to PetaPixel, Storm was quoted as saying, “I was telling a story when the molten lava completely engulfed my GoPro (with housing on) and it caught on fire. I used a geology rock hammer to pull it out of the lava and thought it was a total loss.” However it seems that despite device catching on fire and the extreme temperatures (which are presumably beyond what GoPro is advising), the camera continued to function.

He took out the SD card and found that its contents were still intact. According to Storm, “The camera even still worked although not a well as it did before. Truly amazing it survived!” If you’d like to check out the footage of molten lava engulfing a GoPro, check out Storm’s video above.

GoPro Gets Covered By Lava And Miraculously Survives , original content from Ubergizmo. Read our Copyrights and terms of use.

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New Entry-Level GoPro Camera Coming Next Year

Adnan Farooqui November 2, 2017


GoPro has confirmed that it’s going to replace the original Hero Session with a new entry-level action camera next year. The existing entry-level action camera was announced two years ago and it’s now reaching the end of the road. GoPro is going to come out with a new entry-level camera in 2018.

The last two years have been quite difficult for GoPro. The company laid off many employees and shelved some products. It worked very hard to return to profitability and the efforts have paid off. GoPro reported its earnings for the third quarter of 2017 yesterday and confirmed that it was the company’s first profitable quarter in two years.

The company posted $330 in revenue for Q3 2017 and brought in $14 million in profit. GoPro still has to face challenges, it’s not out of the woods just yet. The company profits fourth quarter revenue of $470 million which is going to be its worst for the holiday quarter in two years.

On the hardware front, GoPro CEO Nick Woodman revealed that demand for the company’s entry-level Session was higher than anticipated in 2017. This will result in “sooner than expected end of life for this product.” He added that this presents GoPro with an opportunity to expand its market with a new entry-level product that will be released in 2018.

He didn’t go into the details about the features and specifications of the new action camera but we’re likely going to hear more information about it through the grapevine in the months to come.

New Entry-Level GoPro Camera Coming Next Year , original content from Ubergizmo. Read our Copyrights and terms of use.

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New Entry-Level GoPro Camera Coming Next Year

Adnan Farooqui November 2, 2017


GoPro has confirmed that it’s going to replace the original Hero Session with a new entry-level action camera next year. The existing entry-level action camera was announced two years ago and it’s now reaching the end of the road. GoPro is going to come out with a new entry-level camera in 2018.

The last two years have been quite difficult for GoPro. The company laid off many employees and shelved some products. It worked very hard to return to profitability and the efforts have paid off. GoPro reported its earnings for the third quarter of 2017 yesterday and confirmed that it was the company’s first profitable quarter in two years.

The company posted $330 in revenue for Q3 2017 and brought in $14 million in profit. GoPro still has to face challenges, it’s not out of the woods just yet. The company profits fourth quarter revenue of $470 million which is going to be its worst for the holiday quarter in two years.

On the hardware front, GoPro CEO Nick Woodman revealed that demand for the company’s entry-level Session was higher than anticipated in 2017. This will result in “sooner than expected end of life for this product.” He added that this presents GoPro with an opportunity to expand its market with a new entry-level product that will be released in 2018.

He didn’t go into the details about the features and specifications of the new action camera but we’re likely going to hear more information about it through the grapevine in the months to come.

New Entry-Level GoPro Camera Coming Next Year , original content from Ubergizmo. Read our Copyrights and terms of use.

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New Entry-Level GoPro Camera Coming Next Year

Adnan Farooqui November 2, 2017


GoPro has confirmed that it’s going to replace the original Hero Session with a new entry-level action camera next year. The existing entry-level action camera was announced two years ago and it’s now reaching the end of the road. GoPro is going to come out with a new entry-level camera in 2018.

The last two years have been quite difficult for GoPro. The company laid off many employees and shelved some products. It worked very hard to return to profitability and the efforts have paid off. GoPro reported its earnings for the third quarter of 2017 yesterday and confirmed that it was the company’s first profitable quarter in two years.

The company posted $330 in revenue for Q3 2017 and brought in $14 million in profit. GoPro still has to face challenges, it’s not out of the woods just yet. The company profits fourth quarter revenue of $470 million which is going to be its worst for the holiday quarter in two years.

On the hardware front, GoPro CEO Nick Woodman revealed that demand for the company’s entry-level Session was higher than anticipated in 2017. This will result in “sooner than expected end of life for this product.” He added that this presents GoPro with an opportunity to expand its market with a new entry-level product that will be released in 2018.

He didn’t go into the details about the features and specifications of the new action camera but we’re likely going to hear more information about it through the grapevine in the months to come.

New Entry-Level GoPro Camera Coming Next Year , original content from Ubergizmo. Read our Copyrights and terms of use.

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GoPro Fusion 360 Camera Price Confirmed, Launches This November

Adnan Farooqui September 28, 2017


The 360 degree camera for consumers that GoPro first talked about back at the Consumer Electronics Show 2016 will soon be available for purchase. The company has revealed some crucial bits of information about the GoPro Fusion 360 camera. GoPro CEO Nick Woodman teased the camera on stage today at the company’s San Francisco event. There, he confirmed how much the GoPro Fusion 360 camera is going to cost and when will customers be able to purchase it.

GoPro’s consumer 360 degree camera relies on two lenses to shoot video at up to 5.2K and 30 frames per second. It’s also capable of taking 18 megapixel spherical photos and capturing 360 degree sound.

The camera itself is waterproof up to 16 feet out of the box and is compatible with most GoPro accessories. It also has a plethora of other features as well such as Bluetooth, Wi-Fi, GPS, accelerometer, gyroscope, and more. The camera will be able to do more than just capture spherical videos.

GoPro’s OverCapture feature will enable users to recapture and share their footage in a conventional fixed perspective video. GoPro confirmed today that its Fusion 360 camera is going to be available for purchase this November.

It’s going to be pricey. The company will charge $699 for it. The exact release date will be confirmed in several weeks.

GoPro Fusion 360 Camera Price Confirmed, Launches This November , original content from Ubergizmo. Read our Copyrights and terms of use.