In its preliminary Q4 financial report this week, GoPro revealed it expects the last quarter's revenue to be about $435 million, a figure significantly lower than the $512 million analysts had estimated. Due to poor sales over the holidays, GoPro states it will layoff 7% of its workforce as part of a restructuring effort.
The company announced its fourth quarter financial estimates on Wednesday, saying the quarters 'revenue reflects lower than anticipated sales due to slower than... more