On Wednesday evening, GoPro, the maker of portable action cameras that went public in 2014, released a statement saying it was cutting about 7 percent of its workforce. While officially labeled as a reallocation of resources, it’s hard not to read something into it, when the company announces its first-ever quarterly sales decline at the same time.
Looking at GoPro’s revenue growth since 2010, it appears as if the company is having trouble sustaining its growth. While it’s normal for growth rates to come down after a period of massive growth, the drop off in GoPro’s rate of revenue growth is rather steep. The company’s stock has been under pressure since autumn, when the company had (twice) slashed the price of the ultra-compact HERO4 Session camera just months after its July launch.
The Statistics Portal
Statistics and Studies from more than 18,000 Sources
- Prices & Access
Our Services Statistics Access to 1 million statistics – ready to use in PPT, XLS and PNG. → Recent Statistics → Popular Statistics → Search StatisticsStudies & Reports Dossiers, industry reports and further studies. → All Dossiers → All Industry Reports → All Toplists → All Outlook Reports → Study Database
Industries IndustriesIndustry Reports Industry Forecasts
Digital Markets Digital Media Digital Advertisinge-Commerce Smart HomeFinTech eHealth eTravel
Consumer Markets New
Infographics Recent Infographics