GoPro Shouldn't Fear Google's Clips Camera
Shares of GoPro Inc (NASDAQ: GPRO) have dropped 8% since the close of trading on Tuesday, apparently in response to Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) new Clips camera from Google. The $249 smart camera is designed to passively collect photos as you go about your day, capturing images of people or pets as it "learns" who is important to you.
On the surface, the camera will be a competitor to GoPro this holiday season. But that fails to take into account who GoPro's customers are and how its cameras are used.
Image source: GoPro.
Source: Fool.com