GoPro has had its ups and downs, but apparently, this holiday season turned out to be profitable for the company. And it’s the first time since 2017. Apparently, GoPro’s newest Hero 7 lineup has helped the company turn its first quarterly profit in nearly two years.
It looks like GoPro might actually be experiencing something of a turnaround in their fortune. They’ve just released the Third Quarter 2017 financial report. After a pretty disastrous couple of years, their most recent quarter turned a profit, its first quarter to do so since Q3 2015.
In an attempt to turn the company around, they’ve been laying off employees, several times, recalling products, had a terrible relaunch for the aforementioned recalled product, and released the Hero 6. But, it’s worked, in the most recent quarter, they generated $329.81m in revenue with a profit of $14.66m.
“Please could you tell me how to make money from photography?” This is a question I get asked quite often by email, a majority are students entering their adult working life and trying to figure it all out.
And yet I don’t think it’s the right approach when pursuing any passion to obsess about making money. Get a full-time job first to pay the bills, that’s my main advice. but don’t do it so long that it poisons your creativity, individuality and drive as there’s a very real risk of that happening.
Nikon have released the financial results for the Image Products Business for the first quarter of the year. The report mentions that sales have dropped 8.9%, although net income has increased 176.2% over the same period last year.
Another report by Credence Research suggests that this may be the beginning of a trend. They cite smartphones and tablets as the biggest threat to both fixed lens and interchangeable lens cameras.