GoPro plans to move U.S. bound camera production to Mexico

According to a press release, Brian McGee, Executive Vice President and CFO at GoPro pointed out: “In June, we will begin production in Guadalajara, Mexico of our U.S. bound cameras to support sales beginning in the third quarter.” He continued: “We expect most of our U.S. bound cameras will be in production in Mexico in the second half of 2019. As stated previously, our decision to move most of our U.S. bound production to Mexico supports our goal to insulate us against possible tariffs as well as recognize some cost savings and efficiencies.“