GoPro Pulls Production Of U.S.-Bound Hardware Out Of China [Forbes]
GoPro, Inc. - Class A (GPRO)
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Source: Forbes
Nick Woodman, founder and chief executive officer of GoPro Inc. (Photo: Bloomberg) © 2017 Bloomberg Finance LP Leading action camera-maker GoPro announced this week it will move production of “most” of its U.S.-bound cameras” out of China to avoid being caught up in the ongoing trade war between Beijing and Washington. In a statement released Monday, GoPro’s Chief Financial Officer Brian McGee said: “Today’s geopolitical business environment requires agility, and we’re proactively addressing tariff concerns by moving most of our U.S.-bound camera production out of China. We believe this diversified approach to production can benefit our business regardless of tariff implications.” The San Mateo, California-based company has not announced where it will move its America-bound production, but it is highly unlikely the new jobs will move stateside due to significantly more expensive labor cost. It is likely GoPro will move production of its U.S. products to a
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News
- Action Camera Market To Reach USD 16.2 Billion By 2032, Report By DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- GoPro Announces First Quarter 2024 Earnings Webcast [Yahoo! Finance]Yahoo! Finance
- GoPro Announces First Quarter 2024 Earnings WebcastPR Newswire
- GoPro Mountain Games Outdoor Festival Set to Kick off Summer in Picturesque Vail, Colorado [Yahoo! Finance]Yahoo! Finance
- GoPro Mountain Games Outdoor Festival Set to Kick off Summer in Picturesque Vail, ColoradoPR Newswire
GPRO
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- 2/7/24 - Beat
GPRO
Sec Filings
- 4/12/24 - Form PRE
- 3/26/24 - Form 8-K
- 3/11/24 - Form SC
- GPRO's page on the SEC website