GoPro share price jumps by over 12 per cent after it announces Apple Watch launch
Shares in camera manufacturer GoPro have jumped by over 12.6 per cent after the company announced a new release for Apple Watch users.
The point of view camera firm has launched Apple Watch features in its GoPro App. According to the company, “this new app allows users to preview their shot, toggle between capture modes, start/stop record and add HiLight Tags to the best moments of their videos”.
GoPro’s share price has taken a hit in recent months, and in November dropped to below its initial public offering price.
The group’s third quarter results also put a dent in the stock in October, when a 43 per cent jump in revenue, up to $400m (£263m), failed to live up to expectations.
GoPro has also been subject to analysts’ concerns over demand, with several claiming that the market for its products may be nearing saturation.