GoPro, Inc. (NASDAQ:GPRO) ranks among the best consumer electronics stocks to buy now. On October 3, GoPro, Inc. (NASDAQ:GPRO) declared that its new Fluid Pro AI gimbal is now available for preorder on its website for $229.99. The company anticipates having the gimbal ready for purchase in early November. In order to help keep subjects at the center of the frame while recording, the Fluid Pro AI has AI-powered subject tracking technology that can lock onto features in both forward and backward positions. ...

Core Viewpoint - GoPro's recent quarterly earnings report revealed a significant decline in revenue, leading to a negative investor reaction despite some mixed results in the report [1][5]. Financial Performance - GoPro reported a revenue decrease of 18% year-over-year, totaling $153 million, primarily due to a 23% drop in action camera sales, which amounted to approximately 500,000 units sold [2]. - Subscription and service revenue remained stable at $26 million, contributing to the overall revenue [2]. - The adjusted net loss was $12 million, or $0.08 per share, which is a reduction from the $36 million loss in the same period last year [4]. Market Dynamics - The popularity of GoPro's action cameras has waned, largely due to the rise of smartphones that can perform similar functions, making it difficult for GoPro to justify its pricing [8][10]. - The market is now saturated with affordable smartphones that can serve as action cameras, reducing the demand for dedicated devices like GoPro's [9]. Strategic Initiatives - GoPro has attempted to diversify its revenue streams by establishing a subscription and service revenue model, which has remained steady [10]. - The company recently introduced an opt-in AI training program for U.S. subscribers, allowing them to share content for AI development, with the promise of sharing 50% of generated license fees [11]. Future Outlook - Despite efforts to innovate and generate new revenue sources, the outlook for GoPro remains bleak as the dedicated action camera market appears to be declining [12].