Google's Creepy New Camera Won't Hurt GoPro
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) recently introduced Clips, a tiny camera which continuously captures content without any user intervention. The device -- which can be clipped to clothing, held, or set down -- uses AI to recognize the faces which are important to you and automatically starts taking pictures and recording short videos.
At first glance, this $249 device seemed like a potential rival for GoPro's (NASDAQ: GPRO) action cameras. As a result, GoPro shares fell 7% following Google's announcement on Oct. 5. But if we take a closer look at Clips, we'll notice two important things -- that it targets a different market than GoPro, and its "creepiness" factor could alienate a lot of customers.
Image source: Google.
Source: Fool.com
Alphabet Inc. A Stock
€312.75
1.280%
With 165 Buy predictions and 2 Sell predictions Alphabet Inc. A is one of the favorites of our community.
With a target price of 334 € there is a slightly positive potential of 6.79% for Alphabet Inc. A compared to the current price of 312.75 €.
