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Global chip shortage will not affect holiday sales according to GoPro

By Cookie Monster - on 6 Nov 2021, 12:00am

Global chip shortage will not affect holiday sales according to GoPro

The GoPro Hero10 Black. <br>Image source: GoPro

While the global shortage in components has affected many companies, GoPro says the impact on its business is minimal. 

During its Q3 2021 earnings call, GoPro CEO Nicholas Woodman claims the company has successfully partnered with suppliers to produce inventory to support its Q4 revenue expectations. GoPro and its retail partners have sufficient stocks to sell this holiday season.

GoPro announced an outstanding Q3 with strong revenue, earnings, margin and cash flow growth. Revenue was up 13% year-over-year with subscription revenue growing 143% year-over-year. Its Hero10 Black camera is selling very well as the mix of models with price tags of at least US$300 make up 98% of its hardware revenue.

Source: GoPro

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