GoPro plays tariff defense

|About: GoPro, Inc. (GPRO)|By:, SA News Editor

GoPro (PRO -1.8%) reiterates its plans to move most of its U.S. bound production out of China, while maintaining production in China for non-U.S. bound cameras.

The company plans to begin production in Guadalajara, Mexico of its U.S. bound cameras next month.

"Our decision to move most of our U.S. bound production to Mexico supports our goal to insulate us against possible tariffs as well as recognize some cost savings and efficiencies," says CFO Brian McGee.

Source: Press Release

Subscribe for full text news in your inbox