Do you remember Pure Digital Technologies’ Flip Video camera? The singularly-focused maker of small dedicated video cameras was an industry darling back in March 2009 when Cisco acquired it for $590 million. Cisco shut it down just two years later. Its reasons were two-fold: 1) the company was restructuring around its core networking business, and 2) HD-capable smartphones like the iPhone 4 were eating its lunch.
Some are now suggesting that GoPro, the singularly-focused maker of small dedicated video cameras, is on pace to suffer the same fate. I’m not so sure. The argument being made is that the smartphone will prevent GoPro from going mainstream. A Wall Street argument that centers around the only thing analysts care about: growth....
via The Verge
