GoPro Is Coming for Apple
Spoiler alert: GoPro Inc (NASDAQ:GPRO) has had sneak peeks popping up of its Hero 6 Black action cameras, where for the first time, GoPro will have customized its own silicon “GP1” processor. That means a major departure from the company’s usual partnership through the years relying on Ambarella processors- bettering image quality and stepping up battery life span.
With product snapshots and fundamental camera specifications having found their way to the hands of the rumor mill, and buzz that the Hero 6 launch could be hitting by next week, investors have eagerly sent shares racing 4% today.
The tech grapevine is whispering of a domestic price tag to the tune of $499 for the Hero 6 Black action cameras, and for half a thousand dollars, the action camera giant will be vamping a 4k video recording at 60 frames per second (fps)- double that of the Hero 5 Black edition. What other heavyweight rival name just put on the map a 4K 60 fps recording capability in three of its newest handsets? The big Apple itself.
Two leaks have investors scrambling to buy GoPro shares ahead of its launch today: One at Photo Rumors, revealing packaging that shows off water resistance 10 meters deep along with a 12 Megapixel sensor, plus the new 4k 60fps recording functionality not even the Hero 5 Black brought to the table. The second glimpse comes thanks to The Verge, who has given investors reason to expect that the new action camera will also be able to record 1080p video at a power-house speed of up to 240 fps.
Buzz points to a September 28th announcement and launch, and the Street is already captivated by the giant’s new product that could shake Apple from its iPhone X pedestal of hype- especially ahead of the holiday season where investors leap to spend dollars.
GoPro stock is currently trading at $11.10, up $0.44 or 4.13% today.
TipRanks analytics exhibit GPRO as a Hold. Out of 7 analysts polled by TipRanks in the last 3 months, 1 is bullish on GoPro stock, 4 remain sidelined, and 2 are bearish on the stock. With a loss potential of nearly 31%, the stock’s consensus target price stands at $7.83.
New Blackberry Krypton Model Underwhelming?
BlackBerry Ltd (NASDAQ:BBRY) shares are taking a roughly 3% dip after specs have surfaced for the TCL-manufactured “all-touch” Blackberry Krypton, which could be making its way to the public as early as October. With September quickly ending, shouldn’t investors be glad to catch a glimpse of the up until now under-wraps Krypton? With a phone that has cleared past the Federal Communications Commission (FCC), the Bluetooth SIG, and even the Wi-Fi Alliance, racking up certifications along the way, why are investors taking a backpedal on the stock after the first image exposed?
So far, the leak only offers a glance at the back- and a scanty one at that, which might leave Blackberry users wondering just what scope is in store for the next edition.
What should excite prospective consumers is a hinted RAM flourishing 4 whopping GB wedged within a 4000mAh battery- the most impressive battery size Blackberry has boasted to date. The smartphone giant will also have a fingerprint scanner in its newest phone within the home button and could make history for the tech company, as no phone before has flashed an IP certification rating. With an 8P67 in tow, Blackberry’s Krypton could go underwater 3.3 feet deep and spend half an hour swimming without facing a water haywire glitch.
Running on a Snapdragon 625 chipset and displaying a 1080 x 1920 resolution screen, maybe when investors catch sight of the real deal, they could be swayed back in favor of the giant just yet.
Blackberry shares are currently trading at $9.60, down $0.26 or -2.59% today.
TipRanks analytics indicate BBRY as a Hold. Based on 8 analysts polled by TipRanks in the last 3 months, 2 rate a Buy on BlackBerry stock, 4 maintain a Hold, while 2 issue a Sell. The 12-month average price target stands at $9.65.