GoPro Downsizing To Three Models; Hero5 Release Pushed Back
GoPro, once the undisputed action camera leader, has had a rough time lately.
In attempt to improve its financial results and regain market share, the company announced that as of April it will be narrowing down its camera lineup and focusing on just three models.
The Hero5 won’t be one of those cameras, unfortunately, as its release date has once again been pushed back.
GoPro’s camera lineup, currently boasting a record 6 cameras, will soon be reduced to just three, the Verge reports.
CEO Nick Woodman also confirmed that the Hero5 will come out sometime in 2016, but it turns out Nikon’s D500 isn’t the only camera whose release is being postponed. Little to Xiaomi’s disappointment, obviously.
The release of the Hero5 was expected sometime around October 2015, considering the company had released a new flagship model around that time every year between 2011 and 2014, but it was delayed and expected in the early months of 2016.
Latest reports, however, refer to a October 2016 release. The delay is said to be in order to upgrade the device and add tweaks that will allow it to better compete with the new kids on the block. I wouldn’t be surprised if GoPro is working on reducing the camera’s size as well.
It is also possible that some of these tweaks include additional compatibility with the company’s upcoming drone.
Speaking of which, here’s the latest 4K video GoPro has released of the Karma drone, though no new details have been revealed:
GoPro’s attempt to boost its business results come after its stock recently hit an all-time low, followed by an announcement that it will let go 7% of its work force. In addition, GoPro was hit with a class action lawsuit over the tumbling share prices and was also sued by its rival Contour for patent infringement.