You are here: Home » Reuters » News
Business Standard

GoPro lowers sales view, to cut over 250 jobs after weak demand

Reuters 

(Reuters) - GoPro Inc said on Monday it expects fourth-quarter revenue to fall below its earlier forecast and lowered the price of its Hero6 cameras due to weak demand, and the action camera-maker also said it would cut more than 250 jobs.GoPro, whose cameras and drones are mostly used by sports junkies and travel enthusiasts, cut the price of its Hero6 cameras to $399 from $499 and said that would hurt revenue by around $80 million in the current quarter.The company now expects fourth-quarter revenue of $340 million, compared with its projection of $470 million, plus or minus $10 million, in ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, January 08 2018. 20:26 IST
RECOMMENDED FOR YOU