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GoPro May Be Making a Big Mistake

TheMotleyFool

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GoPro May Be Making a Big MistakePhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7835e381-fcae-4834-ba93-4708292dc055.png

(NASDAQ: GPRO) is well known for its action cameras, but the company is betting its future on services. It's lowering prices for cameras and hoping to make up the profit with cloud software and services. Travis Hoium goes through why he's skeptical of the strategy in this video.

*Stock prices used were end-of-day prices of May 10, 2023. The video was published on May 12, 2023.

Source Fool.com