Denny’s Daily Zinger: GoPro—Great Digital Eye Candy
In the media player at right is American billionaire Nicholas Woodman, age 39. In his mouth is the $399 GoPro Hero3+ video camera that dazzled the media in late June. Attach it to a ski helmet, the back of a bird, dog, or bungee jumper and get extraordinary images.
Technologists, hobbyists and investors agree. On June 25th—very first day of the stock sale on NASDAQ—GoPro shares jumped 31 percent.
How grand is the GoPro experience? Very.
In the words of the Christina Zdanowicz:
(CNN) — A bird’s eye camera sweeps over the green fields of Ireland, flies over the towering Cliffs of Moher and pans the ocean hundreds of feet below. The spectacular footage was shot, not by a film crew in a helicopter, but with an inexpensive toy drone—an unmanned aerial vehicle, or UAV, as hobbyists call them … And with a few hundred dollars and some practice, you can make breathtaking aerial videos, too.
Watch it unfold on CNN iReport.
The Copycat Problem
No doubt on the first day Hero mini-cameras went on sale, Chinese agents bought some to air express to China. There they are being replicated for manufacture and sold all over the world at 1/5th to 1/8th the $200 to $400 MSRP in the U.S.
Takeaways to Consider:
- If the above scenario is correct, GoPro products—and investors—have maybe a four-month window to cash in.
- Have the Chinese invented anything new since the abacus in 3000 B.C.?
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