Wearable camera maker GoPro’s stocks took a 12 percent dive yesterday as a result of Apple expressing an interest in its market.
Per Macworld and PatentlyApple, an Apple patent application for a wearable camera was approved, the end result sending GoPro’s stock price tumbling. The application itself details a GoPro-like wearable perfect for action shots and underwater recording. Apple even takes aim at GoPro in the patent filing.