GoPro has spent the last two years laying off employees, closing entire departments, discontinuing certain products, reintroducing one recalled product, and this fall, announcing a new flagship camera: the Hero 6 Black. All of these things were done with the ultimate goal of returning the company to profitability.
Mission accomplished. The company announced yesterday that the third quarter of 2017 was its first profitable quarter in exactly two years. After bogging itself down with a heavy push into content creation and marketing, a confusing set of competing cameras at the low end of its own camera lineup, and unchecked growth, the camera company pulled itself out of the red and wrung $14 million in profit out of $330 million worth of...
from
https://www.theverge.com/circuitbreaker/2017/11/2/16596378/gopro-q3-2017-earnings-hero-session
from
http://ifeeltechinc.blogspot.com/2017/11/gopro-will-replace-original-hero.html
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