The market for cameras is fast-moving, with constant updates and innovations in technology and applications keeping it competitive. GoPro’s constant focus on new features and accessories, as well as its extensive name recognition, has helped the company retain a dominant market share. Similarly, GoPro has been smart to carve itself a niche that expressly excludes competition from swiftly improving smartphone cameras, as nobody wants to take their iPhone down a whitewater rapid.

This has, to date, kept GoPro’s sales growth ahead of competitors. GoPro is attentive to the constant possibility of game-changing new tech and competing products and should have the resources and talent to stay robustly abreast of the pack.