Back in May, GoPro (NASDAQ: GPRO) dropped a bomb on investors by delaying its Karma drone from the first half of the year to the holidays. The Karma was expected to be GoPro’s only meaningful revenue driver for the first half of the year, and its abrupt delay indicated that the Karma could struggle to compete against entrenched players like DJI.
DJI’s new Phantom 4 drone. Image source: DJI.