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Stocks Weak, GoPro Sell Camera Licenses

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GoPro began a partnership with electronics manufacturer, Jabil. The partnership in question is the sale of license over camera action to the second party, namely Jabil.

Stocks Weak, GoPro Sell Camera Licenses

Quoting The Verge on Wednesday (28/3/2018), with this licensing agreement, Jabil will use GoPro's design and intellectual property to manufacture its camera lens and sensors for third party products.

Previously, GoPro and Jabil have collaborated in making GoPro Hero4 and will continue to work together.

In addition to action cameras, Jabil's products also include digital imaging and other consumer devices. However, none of Jabil's production cameras compete with GoPro products.

"Imagine, a world where video conferencing, robotics, and autonomous vehicles use lens and image sensors from GoPro.Together, GoPro and Jabil will make this a reality," said GoPro Chief Technology Officer Sandor Barna.

Jabil estimates, applications on smart home , military or police, firefighters, to the security will use the technology and digital imaging camera  from the results of this cooperation.

Just to be aware, products made by Jabil will not be branded GoPro, although it will adopt technology made by GoPro.

Obviously, this is quite interesting, because GoPro technology will spread to various products and services owned by Jabil.

The possibility of an agreement between GoPro and Jabil occurs because GoPro shares are at their lowest point, so it's not surprising to see companies exploring new ways of doing business.



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Stocks Weak, GoPro Sell Camera Licenses
Agustin Setyo WardaniAgustin Setyo Wardani
Mar 28, 2018, 21:00 pm
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GoPro HERO4 Black
GoPro HERO4 Black (cameralends.com)
Liputan6.com, Jakarta - GoPro began a partnership with electronics manufacturer, Jabil. The partnership in question is the sale of license over camera action to the second party, namely Jabil.

Quoting The Verge on Wednesday (28/3/2018), with this licensing agreement, Jabil will use GoPro's design and intellectual property to manufacture its camera lens and sensors for third party products.

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Previously, GoPro and Jabil have collaborated in making GoPro Hero4 and will continue to work together.

In addition to action cameras, Jabil's products also include digital imaging and other consumer devices. However, none of Jabil's production cameras compete with GoPro products.

"Imagine, a world where video conferencing, robotics, and autonomous vehicles use lens and image sensors from GoPro.Together, GoPro and Jabil will make this a reality," said GoPro Chief Technology Officer Sandor Barna.

Jabil estimates, applications on smart home , military or police, firefighters, to the security will use the technology and digital imaging camera  from the results of this cooperation.

Just to be aware, products made by Jabil will not be branded GoPro, although it will adopt technology made by GoPro.

Obviously, this is quite interesting, because GoPro technology will spread to various products and services owned by Jabil.

The possibility of an agreement between GoPro and Jabil occurs because GoPro shares are at their lowest point, so it's not surprising to see companies exploring new ways of doing business.

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Withdraw from Drone Business

GoPro
This first drone view from GoPro, Karma (source: gopro.com)
GoPro had previously decided to close its drone line of business  because the aircraft market was considered too competitive.

Quoted from  The Verge, the announcement of GoPro's exit from the drone  business  was announced simultaneously with the release of financial statements. Therefore, Karma is the last product of the line of drone business made by GoPro.

In fact, in the financial statements, the company recognizes Karma managed to be in second position drone  business  in 2017. However, competition in the market  so competitive drones  make the company decided to withdraw from business aircraft drone.

According to GoPro, this decision was also taken as new policies in Europe and the United States indirectly reduced the number of drone requests  .

These factors make GoPro out of the aircraft business, after selling the remaining Karma inventory.

"GoPro will continue its service and support for GoPro customers," the company said in a statement.

Employee Termination

PHK
Illustration: Employee Termination (Source: IEEE Spectrum)
Previously, GoPro has also reportedly been laying off a large number of its employees who are in the drone business  .

Through letters received by employees who are threatened with layoffs, GoPro explained, the termination of this employment is part of the business restructuring. The goal is to align resources with business.

Although notices of layoffs have been announced by mail, the affected employees are still employed to receive a salary on February 16, 2017.

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