Is GoPro the Next Apple? - USA TODAY
Since its IPO a little more than a year ago, action camera specialist GoPro(NASDAQ:GPRO) has taken investors on a wild ride. The stock doubled from its IPO price in just four days -- and then doubled again, peaking at $98. 47 in early October. ly/1MyBWel Since its IPO a little more than a year ago, action camera specialist GoPro ( NASDAQ:GPRO ) has taken investors on a wild ride. The stock doubled from its IPO price in just four days -- and then doubled again, peaking at $98. 47 in early October. GoPro stock plummeted to less than $40 by March, and while it has since rebounded to about $55 per share, that's still far below the highs of last year. GoPro's poor stock performance can mainly be traced to worries about commoditization of the action camera market. Yet investors have long harbored similar fears about Apple ( NASDAQ:AAPL ) -- but the long-feared collapse has never occurred. Could GoPro follow in Apple's footsteps. Even if it is extremely successful and expands into some new markets, GoPro is not going to become a $200 billion-plus business with a $740 billion market cap like Apple. But with a market cap of about $7. 5 billion and projected 2015 revenue of less than $2 billion, GoPro doesn't need to become Apple's size to deliver stellar returns for shareholders. Source: www.usatoday.com
