Scalper1 News
GoPro stock wiped out Tuesday on speculation that Apple might enter the action camera market. GoPro (GPRO) shares were down 12% to below 50 in late afternoon trading on the stock market today. Shares traded as low as 48.23 earlier in the day. Website Patently Apple posted an article Tuesday about Apple (AAPL) receiving a patent for a GoPro-like camera system with superior quality. “Apple’s invention could directly move into GoPro’s territory as the patent specifically mentions the weaknesses of the GoPro devices,” Patently Apple writer Jack Purcher said in his article. The camera system patent, originally filed in March 2012, incorporates intellectual property Apple acquired from Kodak in November 2013, he said. Apple’s patent involves a camera system that can be secured to various objects, such as a bike helmet or scuba mask, or mounted to the handlebars of a motorcycle or the front of a surfboard. The camera… Scalper1 News
Scalper1 News