SAN MATEO, Calif., May 13, 2019 /PRNewswire/ -- In light of
recent comments made by the United States Trade Representative,
GoPro, Inc. (NASDAQ: GPRO) today reiterated its plans to move most
of its U.S. bound production out of China, while maintaining production in
China for non-U.S. bound
cameras.
"In June, we will begin production in Guadalajara, Mexico of our U.S. bound cameras
to support sales beginning in the third quarter," said Brian McGee, Executive Vice President and CFO.
"We expect most of our U.S. bound cameras will be in production in
Mexico in the second half of 2019.
As stated previously, our decision to move most of our U.S. bound
production to Mexico supports our
goal to insulate us against possible tariffs as well as recognize
some cost savings and efficiencies."
GoPro will present at the J.P. Morgan Global Technology, Media
& Communications Conference at 10:40am
Eastern Time on Tuesday, May 14.
About GoPro, Inc. (NASDAQ: GPRO)
GoPro helps the world capture and share itself in immersive
and exciting ways.
GoPro, HERO and their respective logos are trademarks or
registered trademarks of GoPro, Inc. in the United
States and other countries.
For more information, visit www.gopro.com. GoPro users can
submit their photos, raw clips and video edits to GoPro Awards for
social stoke, GoPro gear and cash prizes. Learn more at
www.gopro.com/awards. Connect with GoPro on Facebook, Instagram,
LinkedIn, Pinterest, Twitter, YouTube, and GoPro's blog The Inside
Line.
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SOURCE GoPro, Inc.