Best-Seller GoPro Target Sales for Q4

GoPro HERO is undoubtedly the best-seller this holiday season, will GoPro perform above target in sales for Q4?
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WEDBUSH Inc. is a leading financial services and investment firm that, through its holdings, provides private and institutional brokerage, and investment banking.

According to Wedbush, GoPro has created a real advantage for big box retailers like Best Buy.  In terms of investment portfolio, GoPro sales will add 100 basis points to their comparable store sales growth.  This could be a good thing for retailers on the decline for overall sales prior to holiday 2014.

According to Amazon, without offering specifics on sales or its own profit, the company revealed the top-selling items for the holidays in a wide range of categories, from books to videos, toys and electronic equipment.

Analysts specializing in video game, social media, digital media and electronics speculate that GoPro will crush estimates for 2 million in camera sales in the current quarter. At this rate, GoPro may ship up to 2.4 million cameras by January 2015.

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GoPro HERO4 SILVER

Featured Image via GoPro