this post was submitted on 04 Jun 2026
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318
GoPro is in serious financial trouble. Action camera giant is at risk for potential bankruptcy (www.digitalcameraworld.com)
submitted 20 hours ago by sanitation@lemmy.today to c/technology@lemmy.world
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[โ€“] Yaky@slrpnk.net 3 points 3 hours ago (1 children)

pushing the same product with minor updates for greater costs

Works for smartphone manufactuters though

[โ€“] TubularTittyFrog@lemmy.world 2 points 3 hours ago* (last edited 3 hours ago)

the smartphone space has way more competition and their market is literally everyone on the planet. there are 6 billion smart phone buyers.

the vast vast majority of whom, do not need the power in most phones. there is no demand for improving phones, they have peaked. Phones are a commodity at this point, like your average desktop/laptop.