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Topic Title: GoPro is laying off 15% of employees, president leaving
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Created On: 12/01/2016 03:52 PM
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 GoPro is laying off 15% of employees, president leaving   - ww - 12/01/2016 03:52 PM  
 GoPro is laying off 15% of employees, president leaving   - itsnoelb - 01/09/2017 04:30 PM  
 GoPro is laying off 15% of employees, president leaving   - JohnSluder - 02/09/2017 10:44 AM  
 GoPro is laying off 15% of employees, president leaving   - ww - 02/12/2017 09:57 PM  
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 12/01/2016 03:52 PM
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ww

Posts: 16088
Joined Forum: 08/17/2007

NY Times, and no doubt other media sources, report that their profits have plummeted, partly due to the growing popularity of smartphones for everyone who isn't in the water or on the slopes.  Here's their press release.  At least Black Friday sales were excellent.  Gonna be lots of wet & snowy little cameras.

Smartphones have pretty much wrecked the conventional camera industry.  I'm sure Canon and Nikon will continue selling gear for sports photography and other pro niches (surfing, landscape, architecture, fashion, whatever), but it seems their stock prices aren't doing well, and are based on the value of businesses other than photography.  Olympus would probably be better off dropping its camera business.  I think Samsung, which was selling good cameras, already did.  



Edited: 12/01/2016 at 03:59 PM by ww
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