Qualcomm (QCOM), Broadcom (BRCM) and Texas Instruments (TXN) could mount an assault on GoPro (GPRO) chip supplier Ambarella’s (AMBA) robust drone sales, Needham analyst N. Quinn Bolton wrote in a research report Friday. And, as GoPro sales slough off despite holiday season shopping, Ambarella will be more dependent on robust drone camera, IP security camera and dash camera sales to stave off “competition from traditional semiconductor
GoPro (GPRO) on Friday slashed the price of its new Hero 4 Session camera for the second time in five months, hoping to stoke demand for its action cameras during the holiday shopping season. The move came after Ambarella (AMBA), which makes image processing chips for GoPro cameras, signaled weakening sales in the action camera market late Thursday. While Ambarella beat Wall Street’s views for fiscal Q3 sales and earnings, it forecast sales for
Ambarella (AMBA) stock toppled late Thursday on Wall Street after the GoPro (GPRO) action-camera chipmaker guided its fiscal Q4 sales vastly below analyst expectations, with year-over-year growth that would be its smallest since the July 2011 quarter. In after-hours trading after its earnings release, and after falling 4.3% in Thursday’s regular session, Ambarella stock was down more than 3% to 57.88. For its fiscal Q3, which ended Oct. 31,