There seems to be no limit of GoPro Inc (NASDAQ:GPRO)’s innovation and creativity. In a recent development, it is reported that GoPro Inc (NASDAQ:GPRO) is working on its own line of drones which will be equipped by its camera. In a program, CNBC’s Dominic Chu reported about upcoming drones and said that Gopro can launch these drones by next year. GoPro Inc (NASDAQ:GPRO) stock experienced a surge of around 3.5% after this news. Since its IPO, the company is achieving big milestones.
FAA regulations might be a problem for GoPro Inc (NASDAQ:GPRO) in future. The regulatory authority has reported that “near misses” are being reported in increasing numbers which is making the government doubtful about its plans to allow the companies such as GoPro Inc (NASDAQ:GPRO) and Amazon to fly drones for commercial purposes. The source said that this year, commercial pilots in the US spotted around 100 drones. This is a red flag because the FAA has put very strict regulations regarding permissible height of drones and their usages. Amazon is already in talks with the government to get a permission to launch its drone delivery service. Drone service in the US comes with numerous problems and infrastructure issues. Air traffic control seems to be the paramount issue in this whole scenario.
The intention of GoPro Inc (NASDAQ:GPRO) regarding its drone service is still not clear. Whether the company will launch them for military purposes to sell them to forces or will it be a commercial device is yet to be known. Action cameras remain the imbibing factor in these drones. The company might install hero cameras in drones. The source said that the estimated price of these drones will be from $500 to $1000.