GoPro To Move Most Of US-bound Camera Production Out Of China By Summer Of 2019

(RTTNews) - GoPro, Inc. (GPRO) said that it plans to move most of its US-bound camera production out of China by the summer of 2019 to mitigate the potential impact of inclusion on any new tariff lists. International-bound camera production will remain in China.

"Today's geopolitical business environment requires agility, and we're proactively addressing tariff concerns by moving most of our US-bound camera production out of China," said Brian McGee, Executive Vice President and CFO of GoPro. "We believe this diversified approach to production can benefit our business regardless of tariff implications." GoPro said it will be showcasing its HERO7 line of cameras, including $399 HERO7 Black camera, at CES in Las Vegas from January 8 - 11, 2019.