GoPro turns its first profit since 2017, thanks to the Hero 7

A very strong holiday season for GoPro’s newest Hero 7 lineup of cameras has helped the camera maker turn its first quarterly profit since the third quarter of 2017, the company announced on Wednesday. GoPro pulled in $377 million in revenue in the fourth quarter of last year, and it walked away with a $32 million profit.

This marks the second time GoPro has turned a profit since the third quarter of 2015, back before the company’s ill-fated attempt at entering the drone market.

The Hero 7 Black was announced in September of last year. While it hews closely to the design of its two predecessors, the Hero 5 and Hero 6 Black, the company’s newest flagship offered a number of internal improvements and new features.

GoPro had…

Continue reading…

from The Verge – All Posts http://bit.ly/2DYEM0R
via IFTTT