GoPro Inc (NASDAQ:GPRO) has announced the official release of a new camera Hero5, which is predicted to aid the company in turning the tide against diminishing sales with regards to camera products.
The Hero5 black was unveiled by GoPro at an event based at Lake Tahoe, California. This camera is selling for $400. In addition, a second product has been added to this series of cameras; namely, the Hero5 session, which is essentially an improved model of the smaller, cube-shaped Hero Session camera; this product will be commercialized for $300.
Further products that were unveiled during this event include the highly awaited Karma – which will be selling at a commercial price of $800 as well as new PC and mobile editing applications.
In addition to this, at the event, it was announced that one could subscribe to a service that automatically uploaded media to the cloud for a fee of $5 a month.
Further Features Of The Hero5 Black
The target market for the Hero5 Black are consumers that require it for situations similar to that of action sports. The camera takes all the features of the Hero4 Black series and improves them.
The features of this camera include a touchscreen, voice commands, image stabilizers, Wind-Noise reduction as well as both RAW and WDR photo capture modes.
In addition to these features, the Hero5 Black supports 4K-resolution video recording at 30 fps, frames per second. Furthermore, the camera is able to take 12-megapixel shots at 30 fps. Lastly, but not least – this camera comes with the additional beneficial feature of being waterproof.
The Impact That These Cameras Had On The Stocks For GoPro
GoPro Inc (NASDAQ:GPRO) lost 6.86% on Tuesday to close at $14.26 on a volume of 22.47 million shares. The average volume of the stock is 7.81 million shares.