What should they be doing? They are an action camera company, they make action cameras. Do you think they needed to branch out to do energy drinks and lunchables or whatever?
If they have a solid product and do not want to make “energy drinks and lunchables”, the best financial move would be to optimize it. Find ways to make it smaller, lighter, and most importantly, reduce costs.
But if I were in charge, I’d seriously think about trying to eat DJI’s drone lunch now that there are FAA rules around foreign drone companies. GoPro is headquartered in San Mateo. Drone design is well known enough that there aren’t any hard problems in the way of introducing a decent DJI mini replacement. There may be patents or other non-technical stuff in the way though. But if they could get in on that, it could be immensely lucrative, especially if they can get government contracts.
GoPro hasn’t really done anything for the past 5 years at least. Totally on them.
What should they be doing? They are an action camera company, they make action cameras. Do you think they needed to branch out to do energy drinks and lunchables or whatever?
If they have a solid product and do not want to make “energy drinks and lunchables”, the best financial move would be to optimize it. Find ways to make it smaller, lighter, and most importantly, reduce costs.
But if I were in charge, I’d seriously think about trying to eat DJI’s drone lunch now that there are FAA rules around foreign drone companies. GoPro is headquartered in San Mateo. Drone design is well known enough that there aren’t any hard problems in the way of introducing a decent DJI mini replacement. There may be patents or other non-technical stuff in the way though. But if they could get in on that, it could be immensely lucrative, especially if they can get government contracts.
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