Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
Tech
272
nda:
Needmore seats to Win
Needmore seats to Win
upa:
»
1-min read

GoPro Looking to Move Production of US Bound Cameras Out of China, to Avoid Trade Tariffs

GoPro said it had the option to move U.S.-bound production out of China in the first half of 2019

Reuters

Updated:December 11, 2018, 10:58 AM IST
facebookTwittergoogleskypewhatsapp
GoPro Looking to Move Production of US Bound Cameras Out of China, to Avoid Trade Tariffs
GoPro said it had the option to move U.S.-bound production out of China in the first half of 2019
Loading...
GoPro Inc on Monday took the first steps to move most of its U.S.-bound camera production out of China by the summer of 2019 to counter the potential impact from any new tariffs. The company had previously said it was being “very proactive” about the situation regarding tariffs as U.S. and China ramped up its bitter trade war, in which both nations have imposed tariffs on hundreds of billions of dollars of each other’s imports.

GoPro said international-bound camera production will remain in China. “It’s important to note that we own our own production equipment while our manufacturing partner provides the facilities, so we expect to make this move at a relatively low cost,” said Chief Financial Officer Brian McGee.

In the company’s earnings call in November, GoPro said it had the option to move U.S.-bound production out of China in the first half of 2019, if necessary. GoPro has been trying to drive demand for its trademark action-cameras - once a must-have for surfers, skydivers and other action junkies — as competition ramps up. Last month, the company forecast fourth-quarter revenue below analysts’ estimates as it battles waning demand for its products.

The forecast was a disappointment as the company launched new low-price models of its flagship Hero camera for the holiday season. However, GoPro said it would be profitable in the fourth quarter and expects “low channel inventory” to be well-positioned for the first quarter.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results