Gopro Sees Revenue Above Estimates Plans Three New Cameras

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Gopro Sees Revenue Above Estimates Plans Three New Cameras

– Action-camera maker GoPro Inc forecast current-quarter revenue above Wall Street estimates on Thursday and said it would launch three new cheaper cameras for the holiday season.

GoPro’s new low-priced models of its flagship Hero camera follow a $200 model launched in March and builds on efforts to bring back action enthusiasts who have switched to pocket-friendly smartphones with powerful cameras.

“Launching a new entry-level camera this holiday season is a benefit to the consumer and to GoPro’s margin as well,” Chief Executive Officer Nicholas Woodman said on a post-earnings call, adding that he believed the company will be profitable in the second half of 2018.

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