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.
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.
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Published February 4, 2016 — 06:20 UTC