The company will soon wipe out its GoPro Q3 2016. Stocks price fell more than 20 percent after hours of trading which also cause their revenue to fall close to 40 percent as well. CEO Nick Woodman place company to blame due to its poor performance on their production with the product.
Hero 5 Black has been the main problem of GoPro Q3 2016. Hero 5 Black hit the market as it was seen to have the biggest production issues overcoming Q3 2016. Addition to that Q4 has also added to the reason why Q3 will be more left out as it will also soon release this holiday season as per Tech Daily Times.
However, Q4 can't possibly reach its demands as it doesn't have enough product in the market. The company has made its opposite outlook with Q3 as it said to double their growth on 2017. They expected that many people needed the camera, but it turned out differently.
Slow Motion Swimming with GoPro Hero 5 | Family Fun | Underwater Camera https://t.co/xglyu529mb pic.twitter.com/Khcig73839
— 翔 (@BuucoCom) October 31, 2016
Meanwhile, according to reports, GoPro Hero5 has been expected to release in the latter days or months. Rumors has it that the product will be released last October, but it was delayed due to some technical glitches. However, it is also said that the technology is making its delay in order to give way for Hero 4 and the Hero+ LCD to make its market.
Go ghost hunting with a new GoPro Hero 5 camera at 20% discount when you use your BDO Visa credit card only in BDO's Gadget Sale Wednesday. pic.twitter.com/0hDOIcLtcm — Digital Walker (@digitalwalkerPH) November 7, 2016
GoPro Hero5 is featured with A10 processor with 4K resolution and 60fps for filming videos. It also has dual lens setup for better 3D image, long battery life of 2,800 mAh. The company will probably announce the release of the product next year.
