11 Best Consumer Electronics Stocks to Invest in Now

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6. GoPro Inc. (NASDAQ:GPRO)

Number of Hedge Fund Holders: 13

GoPro Inc. (NASDAQ:GPRO) is a leader in action cameras and is known for its durable and versatile HERO series cameras. It caters to adventure enthusiasts and content creators with a range of waterproof cameras, mounts, accessories, and editing software. Its subscription services offer cloud storage, camera replacement, and access to editing tools for creating immersive content.

The company’s consumer digital imaging market is expanding, particularly in segments like action cameras and 360-degree cameras. The recent launch of the HERO 13 Black, which features advanced technology and innovative Lens Mods, showcases this commitment. It’s an action camera that captures high-quality 5.3K60 video and 27MP photos with improved image stabilization. It is compatible with a range of lens mods for enhanced creativity. This model is expected to drive revenue growth within the premium action camera segment. The redesigned affordable entry-level HERO camera also aims to improve profit margins by 15% compared to previous entry-level models.

The company expanded its retail footprint by 6,300+ new doors in 2023, reaching a total of over 25,000 retail locations globally. In Q3 2024 alone, it added 1,200+ new doors, which include 500 Sam’s Club locations in the US, for increased access to consumers. GoPro Inc.’s (NASDAQ:GPRO) strategy involves reducing operating expenses by $110 million to ~$250 million in 2025, while simultaneously investing in innovation and differentiation within the consumer electronics segment.

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