GoPro is killing off its cheaper action cameras after low revenues in 2015

GoPro is killing off its cheaper action cameras after low revenues in 2015
Credit: GoPro

GoPro had a less-than-spectacular quarter at the end of 2015. For consumers, the bad news is that the company’s cheapest cameras will no longer be available from April.

The $300 Hero+ LCD, the $200 Hero+ as well as the entry-level $130 Hero that shoots 1080p video at 30 fps will disappear from store shelves make room for a slimmer lineup.

The Hero4 Black ($499.99), Hero4 Silver ($399.99) and Hero4 Session ($199.99), all released last year, will still be available.

In addition, the company will launch its Karma drone, which is capable of shooting 4K footage. The company teased it last October and has now released a new clip captured using the quadcopter.

According to The Verge, CEO Nick Woodman confirmed that alongside the Karma, GoPro will also launch a new flagship action cam, the Hero 5, later this year.

In its Q4 2015 earnings published today, GoPro reported that it made revenues $436.6 million, a 31 percent drop compared to its fourth quarter of 2014.

It also projected lower revenues for 2016 than the past year, down from $1.6 billion to between $1.35 billion and $1.5 billion.

➀ GoPro Announces Fourth Quarter and Full Year 2015 Results [GoPro via The Verge]

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