There are also reports saying that GoPro Hero 5 shall have Qualcomm Snapdragon processors that shall complete its Wi-Fi and 4G LTE modems and their respective capabilities.
From a business perspective, the delay in the launching of the GoPro Hero 5 last year has terribly hurt the stocks of the American company and not even the Hero 4 Session and LCD released in the first part of the second half of 2015 were able to offset the downward trend in its share prices.
The poor decision-making by the firm’s management, particularly on the release date of the Hero 5, has eroded investor confidence in GoPro, which resulted to shares of the company plummeting down by 62.73% in the last three-month period.
Part of the not-so-good decision was the pricing of the Hero 4 Session at $399.99 during its launch that made it quite prohibitive and resulted to poor sales of the device. That left GoPro with no choice but to slash the price of the device and is now down to $199.99.
As a result of poor sales, the company announced on January 15 that it would be making job cuts brought about by lower-than-expected fourth quarter 2015 revenues, admitting that the pricing decision did hurt the company.