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Gopro Inc.  (GPRO)
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Gopro Inc's

Competitiveness


 

GPRO Sales vs. its Competitors Q2 2022



Comparing the results to its competitors, Gopro Inc reported Total Revenue increase in the 2 quarter 2022 by 0.44 % year on year, while most of its competitors have experienced contraction in revenues by -1.87 %, recorded in the same quarter.

List of GPRO Competitors

With net margin of 1 % company achieved higher profitability than its competitors.

More on GPRO Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Gopro Inc. Net Income in 2 quarter 2022 declined year on year by -85.14 %, faster than the decline experianced by the competitors

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Gopro Inc's Comment on Competitors and Industry Peers


The market for cameras and camcorders is highly competitive and characterized by frequent product introductions and rapid technological advances. We believe the principal competitive factors impacting the market for our products include quality, reliability and user experience, price and performance, design innovation, brand recognition, marketing and distribution capability, service and support, and corporate reputation.


We compete against established, well-known camera manufacturers such as Canon Inc., Fujifilm Corporation, Nikon Corporation, Olympus Corporation, Rollei GmbH & Co. KG and Vivitar Corporation, as well as large, diversified electronics companies such as, Panasonic Corporation, Polaroid Corporation, Samsung Electronics Co., Sony Corporation and VTech Technologies, and specialty companies such as Garmin Ltd. We believe we compete favorably with these companies’ products. Our durable and versatile product design facilitates increased functionality and wearability and we offer a variety of mounts and other accessories that enable a wide range of consumer use cases that are difficult for other competing products to address. Further, we offer many professional-grade features at attractive consumer price points, including our SuperView mode, which allows a user to capture an immersive wide-angle perspective, and super high resolution video capability. We also provide users with a suite of free desktop and mobile applications that enhance the overall GoPro experience. Moreover, we believe we have achieved significant brand recognition in our target vertical markets. We believe our years of experience working with active and influential consumers contributes to our ability to develop attractive products and establishes the authenticity of our brand, thereby differentiating us from current and potential competitors.


Smartphones and tablets with photo and video functionality have significantly displaced traditional camera sales. We believe that our capture devices enable differentiated use cases from mobile devices. In particular, we allow users to self-capture their experiences in even the most challenging of environments, such as on and in water and in other environments where mobile devices would be damaged, and to do so with their hands free to focus on the activity and not the capture device. We believe that the small, rugged form factor coupled with the professional quality video enabled by our capture devices makes them ideal for uniquely capturing important moments of our users' lives. However, it is possible that in the future the manufacturers of these devices may design them for use in a range of scenarios and conditions. In addition, new companies may emerge and offer competitive products directly in our category.





  

Overall company Market Share Q2 2022

Despite moderate revenue growth of 0.44 % within Overall company, Gopro Inc. improwed its market share.


<<  More on GPRO Market Share.
 
*Market share is calculated based on total revenue.


GPRO's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)


COMPANY NAME MARKET CAP
(in millions of $)
REVENUES
(in millions of $)
INCOME
(in millions of $)
EMPLOYEES
Gopro Inc. GPRO 889.61 1,175.00 373.00 1,539
Voxx International Corporation VOXX 165 627.59 -37.11 2,060
SUBTOTAL 1,054.88 1,802.80 335.48 3,599
       
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