Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

GoPro Inc (GPRO) Drones In 2015?

As GoPro Inc (NASDAQ:GPRO) matures, they may turn to drones to keep growing, Re/code’s Kara Swisher said in an interview on CNBC.

GoPro Inc (NASDAQ:GPRO) closed on Friday at $69.23 per share on Friday in a run which started at about $54 at the beginning of the week.

According to Swisher who co-founded Re/code and is its co-CEO, were hot during this holiday season. Everyone seems to want one, she remarked. In fact, she said that her 9-year-old wanted to get a GoPro for Christmas. She said, however, that she did not buy her child a GoPro.

She also said that they had drones in their household. “It’s probably a big area,” she said, referring to the drone industry.

GoPro, is GPRO a good stock to buy, Kara Swisher, Drones

Nonetheless, Swisher also said that people may get tired of GoPro Inc (NASDAQ:GPRO) cameras and drones in the future but since it’s the holiday season, it’s only natural for sales of the action camera company to soar.

According to Amazon.com, Inc. (NASDAQ:AMZN), GoPro Inc (NASDAQ:GPRO) cameras were the best-selling cameras in its holiday season.

For now, Swisher is watchful of what GoPro may do next. She said that the industry will see what GoPro Inc (NASDAQ:GPRO) will do once it has saturated demand. They may introduce new cameras and go into drones, she added, and may transition to a content company which she said seems to be the company’s “shtick”.

Meanwhile, she said that technology companies need to come up with new products in order to keep growth in the industry going. She made an example of fitness bands which sold and sold in their early days but have now seemingly plateaued.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...