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Foxconn Invests $200 Million In GoPro

Posted by timothy on from the best-way-to-document-an-avalanche dept.

MojoKid writes "The initial wearable cameras [GoPro founder Nick] Woodman created to capture action shots as they happened used 35mm film, but his company's cameras have evolved into highly durable, HD vid-cams that are sought after by amateurs and extreme sports stars alike. It turns out Foxconn digs what GoPro has designed as well. The giant Taiwanese manufacturer just bought a significant stake in Woodman Labs, making Nick Woodman a billionaire in the processes. Taiwan-headquartered electronics manufacturer Foxconn (also known as Hon Hai Precision Industry Co.), purchased an 8.88% stake in Woodman Labs for $200 million, valuing the San Mateo, Calif. company at $2.25 billion."

4 of 83 comments (clear)

  1. Re:FoxPro by Lord+Maud'Dib · · Score: 3, Insightful

    And randomly corrupt your videos when too many people access them at once?

  2. That's good to hear... by Anonymous Coward · · Score: 4, Insightful

    GoPro cameras would probably make a good case study about not trying to put everything and the kitchen sink into a product. Instead, make it affordable and good for what it'll actually be used for.

    1. Re:That's good to hear... by NIK282000 · · Score: 3, Insightful

      300-400$ for a camera that will film 1920*1080 at 120 fps and is extreme sports friendly? That's a steal, if you compare the video quality of their latest one to the top consumer camcorders on the market they are right on par and a hell of a lot cheaper. I do wonder what foxcon eventually wants out of this deal though.

      --
      Dear aunt, let's set so double the killer delete select all
  3. Re:Not a billionaire yet by Sqr(twg) · · Score: 4, Insightful

    Value is value. US dollars is simply one way of storing it.

    The difference is: One billion US dollars can quite easily be converted into other goods. One billion dollars "worth" of stock in a small-cap company cannot. Especially if you're and insider and thus prohibited from selling your stock in secret.