It seems that GoPro just can’t catch a break lately. After whiffing on the launch of the HERO4 Session, GoPro was subsequently sued by Polaroid because the Session rips off the Polaroid Cube‘s design. Then, GoPro had to drop the HERO4 Session price down to half the original retail price in order to move a few units during the holidays. Of course, holiday 2015 sales turned out woefully inadequate and GoPro is now restructuring and laying off employees. Of course, GoPro’s stock is in freefall and now shareholders are filing class action suits against GoPro because they think GoPro has been too optimistic about future sales.
In the midst of all of this turmoil, GoPro was sued by Contour, the bastard of the action camera industry, for patent infringement. [Read more…]