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GoPro announced that cuts 7% of its employees and warned investors that sales in the last quarter of 2015 were unexpectedly low. The official financial results will be announced in a few weeks, but preliminary estimates, revenues from the period are noticeably lower than expected. Instead previously estimated $500-$550 million, the company earned $435 million in the last three months.

GoPro revenues have dropped significantly compared to the last quarter of 2014, when the company accumulated $633.9 million. One reason for the low sales of GoPro is the lack of variety of exciting new products. In 2015 the company introduced only one new camera – Hero 4 Session, which high price further reduce the interest on it. GoPro hopes to regain consumer interest with his new drone, which maybe will shoot 360-degree video.

https://i1.wp.com/gizbrain.com/wp-content/uploads/2016/01/gopro-ceo.jpg?fit=721%2C369https://i1.wp.com/gizbrain.com/wp-content/uploads/2016/01/gopro-ceo.jpg?fit=190%2C150Linda MorrisGOPROTECH NEWSaction camera,camera,GoProGoPro announced that cuts 7% of its employees and warned investors that sales in the last quarter of 2015 were unexpectedly low. The official financial results will be announced in a few weeks, but preliminary estimates, revenues from the period are noticeably lower than expected. Instead previously estimated $500-$550...