Apple’s new video camera patent sends GoPro’s shares into a tailspin

Apple has been awarded a new patent for a video camera, potentially opening a rivalry with sports camera maker GoPro.

Shares of GoPro, the sports camera maker, nosedived Tuesday after Apple was awarded a patent for a potentially competing device.

Investors sent GoPro’s shares down 13% in mid-day trading to $49.45, their lowest level in four months.

January 13, 2015

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