Smartphones put pressure on GoPro sales

The delivery of the latest GoPro action cameras has been delayed. CEO Nick Woodman announced this in conversation with analysts following the company. The company subsequently lost nearly 20 percent of its value in the American after-trade.

Woodman indicated that the delay has consequences for the expected turnover this year. In the most favorable scenario, this now amounts to $ 1.25 billion, where at least that amount was previously expected and possibly even to $ 1.28 billion. The profit forecast was also adjusted downwards.

The HERO8 Black camera was only officially unveiled on Tuesday and expectations are high. GoPro also makes other products, but it has to rely mainly on its action cameras. The company does suffer from the advance of ever better video options from smartphones.