I think that it will have about the same impact on GoPro as the iPhone has had on camera makers and that impact is that there are fewer cameras sold but the number isn’t zeroGoPro HD Hero2 camera includes only a single image capture system, which captures images from the front of the camera, making it more susceptible to damage and wind resistance. Thus, there remains a need to provide a digital camera that can be used in a "conventional" capture mode, where the digital camera is held by the user while capturing digital images, and which can also be used in "streamlined" mounted mode. We don't expect Apple to come up with a wearable camera soon as we are still impatiently waiting for the fabled Apple Watch to make an appearance, you never know!
GoPro stocks took a nosedive as Apple was granted a slew of patents for a wearable camera by the US Patent Office. Apple's patent application states that the camera can be mounted on bikes or scuba masks, and will take pictures and record sounds under water. GoPro stocks fell a massive 51% against their high of $98.47 last October. We tried contacting GoPro for a comment but they were not available. Apple's planned camera can be operated remotely, says the application, which references the GoPro HD Hero2 digital camera. Gopro Inc. - Stock Price and Volume | FindTheBest The sudden fall has sent analysts into a frenzy. While many are devastated by the tragic fall, there are many who urge the buyers to go on a buying spree and claim that GoPro will rise. Wedbush Securities analyst Michael Pachter said: