GoPro Launches Camera at $199 to Attract Consumers


Apr. 30 2018, Updated 8:31 a.m. ET

GoPro Hero priced at $199

GoPro (GPRO) launched a new Hero camera in March. It’s priced at $199 and comes with a 2-inch touch display. The device is waterproof up to 30 feet, and GoPro claims it is extremely durable. The device is targeted at demographics, including adventurous social sharers, travelers, and kids.

Meghan Laffey, GoPro’s vice president of product, stated, “HERO is a great first GoPro for people looking to share experiences beyond what a phone can capture. HERO makes it easy to share ‘wow’ moments at a price that’s perfect for first-time users.”

Article continues below advertisement

GoPro Hero is integrated with the GoPro mobile application where videos and photos can easily be uploaded. Users can also take advantage of the GoPro Plus subscription service at $4.99 per month and include features such as cloud back-up, damaged camera replacement, and a 20% discount on accessories.

Will this product result in incremental sales?

In the above graph, we can see that GoPro shipped ~4.8 million units in fiscal 2016. Shipments fell 10% YoY (year-over-year) to 4.3 million units in fiscal 2017. Consumer technology companies GoPro, Garmin (GRMN), Fitbit (FIT), HP (HPQ), and Canon (CAJ) launch new products regularly in order to attract existing users and generate a new customer base.

GoPro expects to stall this decline in device sales with its entry-level camera. It believes that given the right price point, customer demand for its products will increase. GoPro expects its 1Q18 sell-through rate to be similar to 1Q17’s rate due to price changes and a 50% rise in marketing spending.

On April 18, GoPro launched its TradeUp Program where customers in the United States can trade a previous-generation GoPro camera or any digital camera for one of GoPro’s latest products. Customers will receive a discount of $50 for the HERO6 and $100 off the Fusion as part of the program.

An earlier program was launched in 2017 for a 60-day period, and almost 60,000 customers participated in the promotion.


More From Market Realist

  • Thai Airways plane
    Thai Airways (TAWNF) Is Risky, Best to Avoid the Penny Stock
  • A "now hiring" sign outside a Popeyes restaurant, one sign that employers are having trouble finding employees willing to work for current wages.
    Why Employers Are Struggling To Fill Jobs Despite High Unemployment
  • Beyond Meat patties in a grocery cart
    Buying the Dip on Beyond Meat (BYND) Stock Is a Risky Move
  • People looking at data on a laptop
    Is Driven Brands (DRVN) a Good Stock to Buy? A Look at the Year Ahead
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.