Not surprisingly, those sub-par sales did some fiscal damage. In a pre-release peek at its finances, GoPro said it likely made $435 million in revenue during the fourth quarter, which sounds okay... until you realize that many analysts expected over $510 million, and GoPro itself had also hoped for more. The shortfall was bad enough that share trading briefly froze on Wednesday to prevent chaos.
GoPro will likely have more to share when its official results arrive on February 3rd. However, the early findings reinforce suspicions that there are limits to the number of people willing to strap a camera to their bodies and vehicles. Also, there's only so much GoPro can do to stave off lower-priced competition. It's no wonder, then, that the company is expanding into camera drones and media channels -- it doesn't want to rely on hardware that's quickly being reduced to a commodity.
[Image credit: AP Photo/Ron Harris]