GoPro Stocks Destined To Gain Traction

GoPro stocks decline amid competition with Xiaomi

GoPro Inc is an extremely popular name when it comes to extreme sports. Their action cameras are used for several purposes when it comes to recording extreme sports. The company in a short span of time has succeeded in makings its market fairly extensive.

The company is all set to grow and for the same reason it is experimenting with several techniques that can help them to sale swiftly offshore. Gopro has come up with several top-notch imaging technologies that are expected to make the image quality better.

However, the GoPro stocks have not done quite well where they have dropped by 38 percent in a year to date basis. The company has experienced a massive decline where in October their stock worth $94 but it now stands at $40. His massive decline in the stock price has resulted in disruption. Many investors are still baffled; they do not know whether to sell these stocks or hold onto them.

Despite this, the popularity of GoPro cameras is not declining. Many individuals who love adventure consider this product as a must have. This has what led the hopes still alive.

The problem which GoPro is not the launch of Xiaomi Yi. Initially, GoPro was the only company that dealt with action cameras. No other company was designing such cameras that allowed them to experiment and engage their audience. However, Xiaomi decided to give a tough time to the former by coming up with a similar product. Many skeptics considered it to be the end of the era of GoPro since Xiaomi was offering the same product at almost half the price.

Ironically, people do not realize that Xiaomi is only going to launch this product in China. Thus this will not really cause much of a problem for GoPro. Moreover, many people who got the opportunity to get their hands on Yi found it a mere waste of money and energy. They claimed that the device was only good when it came to specs. However, in reality it looks like an extremely useless toy which is not even close to GoPro’s Hero line.

GoPro does not need to worry about Xiaomi since it is still the market dominator. The company’s prime agenda shows their interest in innovation. They have always tried to come up with best services whatsoever.

The company is certainly experiencing a tough time due to the decline in their stock price. However, this is a bad patch which will get better with time. GoPro investors should not give up on hope and wait.