The camera can be mounted on/secured to various devices, such as a bike helmet, motorcycle handlebar, or surfboard. It would also feature a "mounted mode" that adjusts for vibrations.
Volatile GoPro (NASDAQ:GPRO) has sold off hard following the patent's publication. Dougherty, however, suggests taking the news in stride. "For starters, we note that Apple patents many, many inventions and some small percentage tend to see the light of day as an actual product. More than anything, we see a scenario in which Apple will want to have a way for users to record from their iPhones and iPads remotely using the Apple Watch as a remote."
Update (1:24PM ET): GoPro is now down 10%.