GoPro Is Known for Making Some of the Best Action Cameras in the World. But It Makes Almost $100 Million per Year From Something That You Might Not Expect.
For more than a decade, action cameras from (NASDAQ: GPRO) have enjoyed a market-leading position among adrenaline seekers. Surfers, bikers, skiers, divers, and more all capture their adventures with these durable devices.
And then there are time-constrained individuals like me who aspire to such a lifestyle and own a GoPro camera that mostly just sits there. But it's ready for me whenever I finally get around to surfing Diamond Head.
Sales for GoPro devices are still holding strong after all these years. In 2023, the company sold 3 million cameras, which was a 6% jump from camera sales in 2022.
Source Fool.com