Drones did them no favors. I imagine all the knock-off cameras hurt too.
The market for these cameras is only so large, and there’s little reason to upgrade after a certain point. “This one shoots in 5K at 120 fps??? I only have a 1080p TV.”
I’ve been bearish on GoPro since they had that big IPO. Apparently It’s not as easy to make a drone as it appears…