GoPro suffers stock landslide following Apple’s action cam move

Apple has successfully filed new patents with the U.S. authorities. This time it’s all about action cams, although it’s not entirely clear which direction the i-products marketer plans to take. For the probable market leader in the action camera sector, GoPro, the news caused – at least on a short term basis – a landslide as far as its stock is concerned. GoPro’s share went downhill by 12 percent throughout Wall Street trading on Tuesday, but recovered by some 5 percent on Wednesday. GoPro has felt pressure over the past few months from larger companies, notably Sony, which are hungrily eying its specialty market.

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