GoPro, the famous company specializing in manufacturing high-end cameras will no longer be manufacturing its old designer cameras after its financial report released in 2015 showed loss of $57 million with redundant and unused pieces of cameras were left in stock.
Latest GoPro cameras will be launched in April with only 3 distinct cameras namely: Hero4 Black, Hero4 Silver and Hero4 Session. Apart from all of the above, everything else will stop, including Hero GoPro which is labeled as the perfect camera for beginners.
Furthermore, the company’s stock fell steeply by more than 10%, according to Mashable.
While suffering from this financial fall, GoPro also announced that its current CFO Jack Lazar will be stepping down after 2 years consecutively, while in March his place will be taken over by Brain McGee who was the former Vice President of Qualcomm. The company strongly believes that only a new CFO has the ability to rescue the company out of this financial turmoil.
According to the CEO Nicholas Woodman who is highly optimistic about the latest Hero5 camera, which can help this company see brighter days in the future. Moreover, the company is also launching Karma drone with the ability to shoot 4K video. According to him, the camera’s software also needs to be improved.
“We recognize the need to develop software solutions that make it easier for our customers to offload, access and edit their GoPro content.”
Also, read how Sugarlock lets you edit your videos captured through the lens of GoPro videos on your television.