GoPro plans to move U.S.-bound camera production out of China

FILE PHOTO: A GoPro camera is seen on a skier’s helmet as he rides down the slopes in the ski resort of Meribel, French Alps, January 7, 2014. REUTERS/Emmanuel Foudrot/File Photo

(Reuters) – GoPro Inc (GPRO.O) on Monday said it plans to move most of its U.S.-bound camera production out of China by the summer of 2019 to counter the potential impact from any new tariffs.

International-bound camera production will remain in China, the company said.

“It’s important to note that we own our own production equipment while our manufacturing partner provides the facilities, so we expect to make this move at a relatively low cost,” said Chief Financial Officer Brian McGee.

Reporting by Arjun Panchadar in Bengaluru; Editing by Bernard Orr

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