GoPro Shares Plunge After Apple Gains Remote Camera Patent

[xillius]

GoPro shares dove Tuesday after Apple received a slew of patents, including one suggesting it could get into the sports camera business.

 

Included among several patents granted by the U.S. Patent and Trademark Office to Apple Monday, one is for a wearable camera that could compete with a certain high-definition camera maker that just went public last year.

 

Shares of GoPro GPRO sunk more than 12%.

 

Apple's patent application, filed in March 2012, says the camera can be mounted on bikes or scuba masks, and will take pictures and record sounds under water. It can be operated remotely, says the application, which references the GoPro HD Hero2 digital camera.

 

Sources:

 http://www.usatoday.com/story/tech/2015/01/13/gopro-stock/21701237/

http://www.bloomberg.com/news/2015-01-13/gopro-plunges-after-apple-gains-remote-camera-patent.html

 

[Biggerisbetter]

yeah made a little coin on that short. thx apple because of you I made 3 handles

[Sauron]

If apple's version is 700$, won't have an sd card and will only connect to IOS devices I'm going to laugh like a madman.

[Laputacake]

If apple's version is 700$, won't have an sd card and will only connect to IOS devices I'm going to laugh like a madman.

Prepare your laugh box then

[sylarspock]

honestly imo, GoPro doesn't have much to worry about from Apple

 

GoPro should worry more about Smart Drones that are able to follow you passively and record you instead.

Why wear the camera, when the camera can follow you ?
 

[Technous285]

honestly imo, GoPro doesn't have much to worry about from Apple

 

GoPro should worry more about Smart Drones that are able to follow you passively and record you instead.

Why wear the camera, when the camera can follow you ?

True, but a drone won't be as-good at providing a chest-level or first-person-point-of-view shot and perspective as a GoPro on a chest rig or head strap/helmet mount.

[legend8887]

If apple's version is 700$, won't have an sd card and will only connect to IOS devices I'm going to laugh like a madman.

People will still buy it.

[ZestyJalapeno]

honestly imo, GoPro doesn't have much to worry about from Apple

 

GoPro should worry more about Smart Drones that are able to follow you passively and record you instead.

Why wear the camera, when the camera can follow you ?

 

 

Good point, but GoPros will still be the most popular and more importantly more practical for extreme sports which is like the demographic for these types of devices.

 

For example, a drone won't work if you're motorxing through a thick forest, parachuting from a plane, extreme snowboard or when diving underwater.  

[sylarspock]

Good point, but GoPros will still be the most popular and more importantly more practical for extreme sports which is like the demographic for these types of devices.

 

For example, a drone won't work if you're motorxing through a thick forest, parachuting from a plane, extreme snowboard or when diving underwater.  

 

true.

totally forgot about those activities

 

haha been watching too many of my friends using go pro for their boring Vlogs  

[mr moose]

Does this mean if gopro want to add a remote control to their camera (or even a second sensor) they would have to pay apple?   Sounds like a pretty flimsy patent to me.

[ZacDaMan72]

Doesn't GoPro already have remote apps and a remote controller?

[Psykomantis00]

Does this mean if gopro want to add a remote control to their camera (or even a second sensor) they would have to pay apple?   Sounds like a pretty flimsy patent to me.

Yes, that's exactly what was said in the article.  :rolleyes:

[Psykomantis00]

I'm guessing nobody read anything in the article. The article was poorly written to begin with, but this doesn't have anything to do with gopro at all. The investors that dumped their stock due to this are dumb and I hope they lost money. This patent is going to be used with the apple watch and iphone/ipad so you can use your watch as a view finder, control zoom and start/stop recording/take a picture. 

[ShadowCaptain]

I'm guessing nobody read anything in the article. The article was poorly written to begin with, but this doesn't have anything to do with gopro at all. The investors that dumped their stock due to this are dumb and I hope they lost money. This patent is going to be used with the apple watch and iphone/ipad so you can use your watch as a view finder, control zoom and start/stop recording/take a picture. 

 

yeah thats what I figured it would be used for

 

I 100% doubt apple would start making action cameras, that would be a strange market for them

[mr moose]

Yes, that's exactly what was said in the article.  :rolleyes:

 No it doesn't, it simply says apple were granted the patent, it does not stipulate if this patent prevents gopro from adding remote control to their products.

 

And even if it did allude to it, that still doesn't mean its true.  I would like to hear other peoples opinions on the subject.

[Psykomantis00]

 No it doesn't, it simply says apple were granted the patent, it does not stipulate if this patent prevents gopro from adding remote control to their products.

 

And even if it did allude to it, that still doesn't mean its true.  I would like to hear other peoples opinions on the subject.

Hur dur sarcasm. 

[Sauron]

People will still buy it.

 

Some people will, but honestly I feel like the gopro audience actually cares more about what they're getting for their money. Especially when it comes to ruggedness and expandable storage.

 

Either way the patent is probably something for the apple watch.