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GoPro's Next Billion-Dollar Business

clackey

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#1
Good article on potential upside for gopro stock with the addition of the drone business...

"It's tough to say exactly how big the drone business will be for GoPro, but we have some guides that show where it could go. In the past 12 months, GoPro has shipped 6.97 million GoPro cameras, so that's a start to how far its brand reaches. If the demand for drones is even 10% that size, the product could be huge.

We also know that DJI, maker of the Phantom line of drones that has become an industry standard, generated about $500 million in sales last year and expects to sell $1 billion of product in 2015. So, the small drone market is worth well over a $1 billion even before any big names enter the fray."

Full story here - GoPro's Next Billion-Dollar Business -- The Motley Fool
 
Likes: Dirkclod

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