As summer rolls around and economies tentatively reopen, camera company GoPro (NASDAQ: GPRO) is well-placed to capture the moment. With direct-to-consumer sales and an expansion of its camera app, the company's transformation is already bearing fruit. After a tough 2020, a bumper summer could cement the turnaround story.
To survive, GoPro will have to take a daring leap into new ventures. Image source: GoPro.
GoPro's grappling with stagnant revenue growth from its one-dimensional camera business. To survive, it's trying to expand to customers outside its existing suite of products, and switching from hardware to more lucrative software as its core business.
Source Fool.com