Tuesday, January 13, 2015

GoPro stock plummets after Apple granted patent for mounted cameras

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Apple may have just shoved GoPro's stock off a cliff


GoPro's stock fell 12% on Tuesday, following a report that Apple had been granted a patent for a mounted digital camera system similar to the devices that GoPro produces



Patently Apple reports that the U.S. Patent and Trademark Office granted Apple nearly three dozen patents on Tuesday related to the camera system, dating back to filings from 2012. According to the publication, the patents specifically note "weaknesses" in GoPro's devices.


Apple declined to comment on the patents. Reps for GoPro did not immediately respond to our request for comment Read more...


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