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Home>UPDATE: GoPro stock falls as Google introduces new clip-on camera

UPDATE: GoPro stock falls as Google introduces new clip-on camera

UPDATE: GoPro stock falls as Google introduces new clip-on camera

10/04/2017

GoPro Inc. (GPRO) stock dropped suddenly Tuesday as Alphabet Inc.'s Google (GOOGL)(GOOGL) introduced a new clip-on, stand-alone camera that could challenge GoPro's core hardware. Google Clips is a small camera that costs $249, while the new camera GoPro introduced last month starts at $499. GoPro shares dropped more than 5% in the minutes after Google introduced the new product, after previously being close to break-even on the day. Google also introduced new Home smart speakers (http://www.marketwatch.com/story/google-launches-new-home-smart-speakers-including-high-end-apple-rival-2017-10-04) and Pixel smartphones (http://www.marketwatch.com/story/google-launches-new-pixel-2-smartphones-2017-10-04) at the event in San Francisco.

-Jeremy C. Owens; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

10-04-17 1345ET

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