By Vitaly Gerko

The digital advertising landscape in Europe is undergoing a significant transformation, driven by antitrust cases against tech giants, new regulations like the Digital Services Act and Digital Markets Act, and the rise of emerging players. This change promises to regulate competition concerns, manage consumer protection, and handle the responsibilities of digital platforms in the advertising ecosystem. European antitrust actions: a regulatory landscape In 2023, the European Union introduced two landmark regulations, the Digital Services Act (DSA) and the Digital Markets Act (DMA), reshaping the online world. The DSA empowers users to flag illegal content and demand greater transparency from tech…

This story continues at The Next Web

Source:: The Next Web

By Ioanna Lykiardopoulou

AI might be ready to disrupt how businesses operate, but businesess aren’t ready for the AI transformation. According to Cisco’s AI Readiness Index for 2023, only 14% of businesses across the globe are prepared to leverage and deploy artificial intelligence. European companies in particular also struggle to train their employees on AI use and develop a clear strategy for responsible AI. “At the moment, businesses aren’t well-equipped to deal with AI,” David Shrier tells TNW. “It’s not going as fast as it should.” Shrier is a futurist and leads venture studio Visionary Futures LLC, which supports companies in their growth…

This story continues at The Next Web

Source:: The Next Web

By Linnea Ahlgren

How are your New Year’s resolutions coming along? As we conclude the first weeks of 2024, chances are that the fresh-start effect has begun to wane. When it comes to succeeding in what we set out to achieve and the habits we want to instil, consistency and dedication will beat that oh-so-fickle motivation every time. But could technology — specifically wearables — help us remain steadfast on our path towards healthier choices and taking better care of ourselves? To find out, I decided to take the Oura ring for a test spin. The smart ring uses 20 different biometric markers…

This story continues at The Next Web

Source:: The Next Web

Source:: Computer World

Source:: Computer World

By Thomas Macaulay

Tags on chips and a global registry of their locations can reduce the risks of AI espionage by hostile nations, experts say. The proposals were made in a new report on AI safety, which calls for a stronger regulation of hardware. Three Cambridge University institutes co-led the study paper, alongside OpenAI and the GovAI research community. They fear that governments are overlooking the dangers of compute, which could trigger disasters. Without tighter protections, they warn that AI could turbocharge mass surveillance, information warfare, international instability, and even human extinction. Governments are well aware of these dangers, but their safeguards largely concentrate on software.…

This story continues at The Next Web

Source:: The Next Web

By Siôn Geschwindt

Microsoft will invest €3.2bn in AI tech in Germany over the next two years, the firm’s vice chair Brad Smith announced today. The investment will see the doubling of Microsoft’s AI and data centre infrastructure capacity in Germany, said Smith. It marks the largest single investment in Microsoft’s 40-year history in the EU country.  German Chancellor Olaf Scholz welcomed the move, noting that it signifies a vote of confidence for Europe’s largest economy.  While the American software giant refrained from specifying the exact locations of the investments, its CEO for Germany, Marianne Janik, mentioned a focus on the western Rhineland…

This story continues at The Next Web

Or just read more coverage about: Microsoft

Source:: The Next Web

By Barry Elad

Introduction

Smart Clothing Statistics: Smart clothing is the advanced fusion of technology and fashion equipped with electronic components such as sensors, transmitters, and receivers. These clothes are designed to track users’ biometrics, heart rate, body temperature, and breathing and can respond according to changes and many other features. Currently, the demand seems highest in the sports and defense sector. If you want to learn the facts, this Smart Clothing Statistics will effectively guide you about different smart clothing market segments and their current global trends.

Editor’s Choice

• The global smart clothing market is projected to reach $5.3 billion by 2024 and $7.63 billion by the end of 2026.
• The healthcare industry and professional sportspersons will account for almost 30% of the market’s revenue.
• The Asia Pacific is projected to grow at the fastest CAGR of 14% from 2022 to 2032.
• During the same period, the demand for smart shirt products will cross 14% of CAGR.
• Using smart medical clothes is supposed to cover a 30% share of the global market.
• As of 2024, the smart clothing market in North America is expected to reach $3 billion with a CAGR of 50% from 2017 to 2024.
• In the United States, the market value of intelligent clothing for professional sportspersons and the healthcare industry will be projected up to $23.28 billion by 2026.
• The top 5 smart clothing manufacturers, such as Nike, Adidas, Under Armour, Hexoskin, and Levi’s, hold a market share of 25%.
• Total market revenue generated by China will be the fastest-growing country for smart clothing, resulting in $17.5 billion from 2023 to 2029.
• Total shipment of smart garments in 2024 is predicted to grow by 11.9%.

Facts About Smart Clothing

• Advanced equipped sensors that are attached to smart shirts allow for monitoring heart health and diabetes management, enable muscle relaxation, and also improve overall quality of life.
• Several products are available within the industry, such as Smart Socks, Insoles, Pants, Jackets, Shirts, Dresses, Suits, Scarves, Bras, and Shoes.
• As of 2024, some of the best tech clothes available in the market are Nadi X Yoga Pants, Sensoria Fitness Socks, Levi’s Commuter x Jacquard Jacket, UA Recover Clothing, Siren Diabetic Socks, Snap Spectacles 3, and Neviano Swimsuits.
• Some practical benefits of using smart clothes are monitoring health conditions, improving athletic performance, and enabling better sleep.
• Other disadvantages are high costs, daily life disruption, and privacy concerns

General Smart Clothing Statistics

• The smart clothing industry is estimated to reach a valuation of $23.28 billion by 2032.
• In the next ten years, from 2022 to 2032, the global industry is estimated to expand at a CAGR of 25%.
• The leading service provider of major smart clothing are Smart Clothing Inc., Alphabet Inc., Sensoria Inc., OMsignal Inc., CuteCircuit Ltd., Carre Technologies Inc., MAD Apparel Inc., Wearable X, etc.
• According to Goldstein Research analyst, by 2025, the industry’s market will grow to $1175 million with a CAGR of 29.3% from 2017 to 2025.

Market Size Statistics of Smart Clothing and Global E-Textile

(9 Years Analyses fFrom 2021 to 2028)

(Reference: acumenresearchandconsulting.com)

• The global market valuation of intelligent clothing and e-textiles in 2023 has resulted in $3,415.4 million.
• Due to technological advancements in coming years, the usage of smart clothing in different sectors is going to enhance more, such as in 2024 ($4,459.8 million), 2025 ($5,908 million), 2026 ($7,960.4 million), 2027 ($10,869.1 million), and 2028 ($15,018.9 million).
• The projected annual growth of the industry from 2021 to 2028 is expected to reach 32.3% CAGR.

Smart Clothing Market Size Comparison Statistics

(5 Years Analyses)

(Reference: statista.com)

• A report published by Mordor Intelligence in early 2020 states that by 2024, the estimated size of the smart clothing market will be $4.95 billion.
• A 2019 report by Markets and Markets has claimed that the market size will exceed $5.3 billion.
• Meanwhile, two published reports by Mordor Intelligence (2020) and Grand View Research (2019) stated that by 2025 end, the industry’s market size will reach $5.93 billion and $5.64 billion, respectively.
• 2021 Research and Markets published a report stating that the global smart clothing/fabric market is estimated to reach $6.42 billion by the end of 2027.

By Geography

• The Asia Pacific is projected to grow at the highest CAGR of 14% from 2022 to 2032.
• Other regions, such as the European and North American markets, will grow at a CAGR of more than 12% and 10%, respectively, within the above-forecasted year.
• Furthermore, country-wise annual growth rate within the same period will result in 18% (the United States), 14% (China), India (12%), and France (10%)

(Reference: cloudfront.net)

• As of 2024, the smart clothing market in North America is expected to reach $3 billion with a CAGR of 50% from 2017 to 2024.

By Demographics

• As of 2023, females are the most users of smart clothes, with a share of 81.3%, and males (18.7%).
• The age group user’s statistics are followed by 18 years to 25 years (86.2%), 26 years to 30 years (9.3%), and above 31 years (4.4%).
• Based on educational qualification, the usage shares are graduate degree and above (40%), University (57.3%), and high school (2.7%)

By Industries

(Source: nextmsc.com)

• Recently, in the smart clothing industry, the leading market growth has been estimated to be achieved by the military and industrial submarket, resulting in a 36% CAGR from 2016 to 2026.
• As of 2023, the market valuation for smart Military clothing accounted for $0.66 billion and is expected to cross over $1.35 billion by 2028 with a CAGR of 15.37% from 2023 to 2028.
• The smart clothing market has accounted for an enormous growth of $15 billion in the healthcare industry.
• The utilization of smart clothes in healthcare sectors is supposed to hold a 30% share of the global market, in which the Asia Pacific will cover the highest CAGR of 24.5% from 2020 to 2026.
• The growth rate of smart garments/fabrics for the sports and fitness industry will grow at a CAGR of 25.70% from 2024 to 2029.

By Product Type

(Source: fairfieldmarketresearch.com)

• The global market size of activewear has reached $393.2 billion in 2023 and is expected to approach $627.3 billion by 2032, with a growth rate of 5.2%.
• According to a report published by Statista, in 2023, the smart wear-to-work clothing market will account for $292 billion.
• By the end of 2023, the valuation of smart sleepwear resulted in $12,623 million, with a growth rate of 10.1% CAGR from 2023 to 2029.
• Lastly, the smart shoes made a market valuation of $270 million.

By Material Type

(Source: idtechex.com)

• According to the e-textiles and smart clothing market, a survey was conducted in 2023 with 256 industry players that stated their preferred material type for manufacturing smart clothes.
• 78% of survey respondents have used conductive fibers, and 49% used conductive Inks.
• Furthermore, other used material types are fibers only (47%), Ink only (18%), Ink and fibers (11%), Ink and polymers (4%), fibers and polymers (2%), and all three (17%).

Smart Fabrics Statistics

(Source: mordorintelligence.com)

• By 2024, the estimated market size of smart fabrics will reach $6.81 million units.
• The industry’s annual growth rate will grow at a CAGR of 10.85% and is expected to cross $11.38 million units by the end of 2029.

Conclusion

Smart clothing is new in the global market and will soon become a part of our daily lives like Smartphones and other smart wearables. With ever-advancing technology, manufacturers are doing their best to enhance the market at its highest peak along with intelligent features. As mentioned in this paper, many smart garments are available. Smart clothes reflect our personality and enhance our lifestyle; thus, the industry will expand enormously in the coming future.

Source:: Coolest Gadgets

By Barry Elad

Introduction

Scooter Statistics: In the global automotive industry, scooters are one of the most prominent vehicles designed with small engines powered by electric or gasoline. Scooters are more prevalent in every urban area for more extended distance coverage. In every country’s metropolitan city, people are more involved with this industry as these scooters are cost-effective and include an efficient mode of transportation. Technology has played an influential role in this sector by recreating electric scooters. Still, these scooter statistics consist of all current trends in the non-electric scooter market, along with several segmental analyses.

Editor’s Choice

• The expected revenue from the worldwide scooter market will reach around $34.48 billion.
• The market’s annual growth rate is promising, with a CAGR of 3.78% from 2024 to 2028.
• By 2028, the projected market volume will cross above $39.99 billion.
• As of 2023, the unit sales of the global scooter market have accounted for 20.01 million motorcycles.
• The average price of the scooter market in 2024 will reach up to $1.64 K.
• In 2024 India will generate the highest revenue, resulting in $9,782 million.
• In the first eight months of 2024, the sales of Indian scooters will hit 4 million units.
• By 31^st March 2023, one of the leading players in the scooter market, Uber Technologies, had accounted for a global revenue of 48.823 billion and had increased by 28.73% from 2022.
• In the United States, the fuel scooter market accounted for $37.07 billion in 2023 and is estimated to grow at a CAGR of 9.7% from 2023 to 2030.
• In the financial year 2023, almost 5.19 million scooters were sold out, a 26% growth from last year.

General Scooter Statistics

(Source: media.zenfs.com)

• By 2030, the global scooter market will increase to $111.7 billion, with a CAGR of 6.1% from 2023 to 2030.
• Market leaders in this industry are Yadea Technology Group Co. Ltd., Uber Technologies Inc., Ninebot Ltd., NEUTRON HOLDINGS, INC., Bird Rides, Inc., Spin, GOTRAX, etc.
• According to a report published by Polaris Market Research in 2023, the scooter industry’s market valuation accounted for $68.52 billion, and the compound annual growth rate will grow by 5.9% from 2024 to 2032.
• In 2023, the mobility scooter market will be $2.03 billion and reach $3.23 billion by 2030, with a growth rate of 6.85% CAGR from 2024 to 2030.
• The global conventional scooters and motorcycles market is set to be valued at $ 1,37,145.2 million in 2023.

By Unit Sales

(Reference: statista.com)

• As of 2023, the unit sales of the global scooter market have accounted for 20.01 million motorcycles.
• Furthermore, in coming years, the unit sales of the market are supposed to enhance, such as in 2024 (20.9 million), 2025 (21.67 million), 2026 (21.72 million), 2027 (24.43 million), and 2028 (22.57 million).

By Country

• Unit sales of scooters in India will be 5.67 million by the end of 2028.
• By the same time, other countries unit sales are Spain (38.58K), Portugal (8.28K), The United States (27.85K), Thailand (0.57 million), Indonesia (5.04 million), and Vietnam (1.25 million).

By Revenue

(15 Years of Analyses From 2014 to 2028)

(Reference: statista.com)

• The global scooter market has generated revenue of up to $32.37 billion in 2023; by the end of 2024, market revenue will reach above $34.48 billion.
• In the coming years, revenue rates are going to increase, such as in 2025 ($36.23 billion), 2026 ($37.55 billion), 2027 ($39.43 billion), and 2028 ($39.99 billion).

Revenue Comparison Statistics by Countries

• In 2024 India will generate the highest revenue, resulting in $9.78 billion with a CAGR of 5.75% from 2024 to 2028.
• Other top countries expected revenue generation and CAGR in the above forecasted period will be China = $6.16 billion (1.66%), Indonesia = $5.85 billion (3.53%), Thailand = $1.43 billion (0.86%), and Vietnam = $1.28 billion (2.45%).

Conventional Scooters and Motorcycles Market Statistics

• The global conventional scooters and motorcycles market is set to be valued at $ 1,37,145.2 million in 2023.
• By the end of 2033, the projected market valuation has reached $ 1,99,138 million.
• Meanwhile, the market’s growth rate is supposed to grow by 3.8% of CAGR from 2023 to 2033.
• Top countries such as India, Japan, and the United States make a collective share of over 82.3%.
• The market shares in 2023 based on countries are India (4%), Japan (9.9%), and the United States (14.5%).
• The dominant engine capacity type is 150 cc, with a market share of 21.7%, resulting in $1 03,721 million by the end of 2023.

Scooter Market Size Statistics

(11-year analyses from 2022 to 2032)

(Reference: precedenceresearch.com)

• In 2023, the market size of scooters will account for $75.44 billion; by 2024, the market size will reach above $80.04 billion.
• The growth rate of the global market will grow by 6.5% CAGR from 202 to 2032.
• Furthermore, in coming years, the market size is going to increase, followed by 2025 ($85.01 billion), 2026 ($90.36 billion), 2027 ($96.15 billion), 2028 ($102.4 billion), 2029 ($109.15 billion), 2030 ($116.47 billion), 2031 ($124.39 billion), and 2032 ($132.97 billion).
• The Asia Pacific region dominated the global market with over 70% share.
• Based on the product type, the regular scooter segment held the largest share, with more than 72%.

United States Scooter Market Statistics

• The total revenue generated by the overall scooter market in the U.S. will be $153.10 million by 2024.
• The market revenue is supposed to grow to $172.30 million by the end of 2028, with a growth rate of 3% from 2024 to 2028.
• In the nation, unit sales of scooters are also estimated to increase in coming years, followed by 2024 (25.19K), 2025 (25.96K), 2026 (26.46K), 2027 (27.27K), and 2028 (27.85K).
• The projected market volume will be $172.30 million by the end of 2028.

Indian Scooter Market Sales Statistics

(Reference: autocarindia.com)

• In the first eight months of 2024, the sales of Indian scooters will hit 4 million units.
• As of November 2023, domestic market sales units and growth rate are followed by Indian scooter companies were Honda Motorcycle and Scooter India = 2, 20,034 (14%), TVS Motor Co. = 1, 27,879 (59%), Suzuki Motorcycle India = 70,921 (14%), Hero MotoCorp = 46,216 (24%), India Yamaha Motor = 23,569 (14%), Bajaj Auto = 8,472 (153%), Ather Energy = 7,794 (-3%), Piaggio Vehicles = 3,653 (31%), Okinawa Autotech = 483 (-90%), and Chetak Technology = 98.

Kid’s Scooter Market Statistics

• As of 2023, the worldwide kid’s scooter market valuation has secured $0.02 billion with a growth rate of 3%.
• The market size of the kid’s scooter is estimated to grow by 5.42% CAGR from 2022 to 2027, resulting in $14.8 million by the end of 2027.
• The year-over-year growth rate of the market has grown by 4.99% in 2023.
• The North American region is estimated to grow at a CAGR of 33% during the forecasted period.

Electric Scooter Market Statistics

• The market value of global electric scooters in 2023 will account for $76,335 million and reach above $94,536 million by the end of 2024.
• The hub drive motor type will dominate the electric scooter market with a share above 70%.
• On the other hand, the belt chain type segment will grow at a CAGR of 11.2% from 2023 to 2030.
• The electric scooter market is classified into commercial and personal use based on end-use. In the above forecasted period, the personal use segment will dominate by 60% global share in the e-scooter market.
• The commercial segment’s annual growth will be approximately 12.7% (2023- 2030).
• The 48V is the fastest-growing category based on voltage; almost 70.4% of income was generated.
• The fastest growing power output segment in the North American e-scooter market is 20KW to 100KW, with an annual growth rate of 37.4% CAGR.

Scooter Website Traffic Statistics

By Country

(Source: similarweb.com)

• By December 2023, Germany had 35.68% of total traffic on scooter-center.com, but it recorded an increase in total website visitors by 12.81%.
• Other countries recorded the following contribution in total traffic and visitors share: Italy = 20.97% (+17.35%), Spain = 9.71% (+17.63%), France = 5.72% (-57.25%), and Belgium = 3.84% (+112.5%)
• Meanwhile, other countries collectively made around 24.09% of the share of total website traffic.

 By Age Distribution

(Source: similarweb.com)

• According to the Scooter Statistics by the demographic state, the highest number of users observed is between 45 and 54 years, resulting in 20.9%.
• There are 18.84% of scooter users aged between 35 and 44 years.
• 36% and 15.6% belong to 55 to 64 years and above 65 years, respectively.
• 15% of users aged between 25 and 34 years.
• And 11.16% of users are contributing from the age group of 18 years to 24 years.
• Maximum users share 80.48% and 19.52% of males and females, respectively.

Through Channels For Marketing and Distribution

(Reference: similarweb.com)

• The highest amount of traffic for scooter-center.com is through organic search that is 44.06 percent.
  21.91 percent of traffic is direct and 20.6 percent is paid search.
• Additionally, the other sources of traffic for scooter-center.com include display search (10.5 percent) Social (1.62%)) and Referral (1.31 percent).
• Based on the rates of referral, YouTube holds the highest percentage of 99.56 percent and Facebook (0.44%).

Conclusion

At last, petrol or expected scooters are still significant in the global market. In recent years, the highest revenue is supposed to be generated by the Indian scooter market globally. Due to scooter services’ affordability and convenient features, the overall market has gained massive popularity among tourists.

These scooter statistics include all possible current trends in the global market, such as revenue share, usage, types, website traffic, etc. All the above statistical analysis will guide you better in understanding the recent scooter market.

Source:: Coolest Gadgets

By Thomas Macaulay

It’s Valentine’s Day and digital romances are blossoming. Across the world, lonely hearts are opening up to virtual lovers. But their secrets aren’t as safe as they may seem. According to a new analysis by Mozilla, AI girlfriends harvest reams of private and intimate data. This information can then be shared with marketers, advertisers, and data brokers. It’s also vulnerable to leaks. The research team investigated 11 popular romantic chatbots, including Replika, Chai, and Eva. Around 100 million people have downloaded these apps on Google Play alone. Using AI, the chatbots simulate interactions with virtual girlfriends, soulmates, or friends. To…

This story continues at The Next Web

Source:: The Next Web

By Thomas Macaulay

Dutch fintech Finom has raised €50mn, which the startup will use to boost its digital banking services. Founded in 2019, the Amsterdam-based business operates a pan-European neobank for SMEs and entrepreneurs. It integrates online banking, accounting, and financial management into a single platform. Kos Stiskin, co-founder at Finom, said the company was built to simplify banking for small businesses. “Finom was born as a cost-effective and user-friendly digital banking solution for entrepreneurs to foster business growth and development across Europe,” Stiskin wrote on LinkedIn. “We aimed to give them more time to focus and reach their full potential.” In the preceding…

This story continues at The Next Web

Or just read more coverage about: Fintech

Source:: The Next Web

Source:: Computer World

By Hisan Kidwai

When it comes to productivity laptops, many think of devices with powerful processors that often compromise on graphics capabilities to conserve power. However, what if there was a device capable of striking a delicate balance between productivity and gaming, all while maintaining a sleek office aesthetic? This is where the HP Pavilion Plus 16 comes…

The post HP Pavilion Plus 16 Review: Productivity Meets Gaming appeared first on Fossbytes.

Source:: Fossbytes

By Hisan Kidwai

Microsoft’s push towards integrating AI into every service has been astounding, considering generative AI came out in 2022. In line with these efforts, the company recently unveiled the Copilot app for Windows, offering users the opportunity to use AI models like DALL-E and GPT-4 at no cost. Moreover, the app now supports plugins, which takes…

The post How To Enable Plugins For Copilot On Windows 11? appeared first on Fossbytes.

Source:: Fossbytes

By Barry Elad

Introduction

GoPro Statistics: GoPro is now familiar to millions due to its advanced features of outdoor photography, action shots, thrill-seeking, IRL streaming, blogging, and others. GoPro is very different from other cameras as they are lightweight, manageable, compact, durable, and affordable. Each year, the company is launching thunders of new products in the global market, so if you are considering investing in GoPro in 2024, you are on the right track. Please go thoroughly through the GoPro Statistics, as it includes insights from various aspects that shed light on how fast the market has grown recently.

Editor’s Choice

• As of 2023, revenue earned by the GoPro, Inc. turned up to $1 billion.
• More than 895 million GoPro camera units shipped in 2023, an increase of 6% from last year.
• GoPro subscribers turned out 2.5 million with a year-over-year growth rate of 12%.
• Revenue generated by subscription and service resulted in $97 million in 2023, up to 18% from 2022.
• The company has more than 1.16 million paid subscribers.
• As of 8 February 2024, GoPro has earned revenue of around $145 million, which has decreased by 17% from 1^st quarter of 2023.
• In January 2024, the total gopro.com website visits was 6.1 million, and the bounce rate was 53.25%.
• The highest traffic rate towards gopro.com is by organic search, resulting in 44.9%.
• YouTube has the highest social media referral rate on the website of gopro.com, resulting in 48.7%.
• GoPro, Inc. is leading the overall action camera market now and will generate a market size of $4.41 billion by the end of 2024.

Let’s understand what GoPro is!

GoPro cameras are used for videos and stills shootings without any chance of damage. GoPros are mostly famous in the action segment due to their potential features and small and lightweight size compared to regular soap. The GoPro cameras are segmented in 3 significant ways: Session GoPros, Hero, and Fusion.

Reason for Buying a GoPro

Its small size and lightweight make it more portable and easy to carry because it easily fits inside your shirt, jacket, or dress pocket. Other features are every model of GoPro has 4K video capturing modes, is waterproof (suitable up to 100 to 200 feet underwater), is super tough, cannot be damaged it dropped from a car at 40 mph, is easy to wear, and capable of clicking quality still photos, also have fixed wide angles, WiFi connectivity, etc.

Facts About GoPro

• GoPro has been operating in the market for 22 years since
• During the COVID-19 pandemic, the company has faced layoffs of more than 20% of its workforce, almost 200 employees.
• As of 2023, the company has 10.6 million subscribers and 20 million followers on its YouTube and Instagram channels.
• The GoPro market is spread over more than 100 countries.
• The current market has more than 15 GoPro models available.
• In January 2024, the company planned to launch tech-enabled motorcycle helmets.
• Other business highlights are GoPro returned to X Games sponsorship as the official action camera of the Freeride World Tour.

General GoPro Statistics

• By the end of 2023, overall revenue generated $295 million, which decreased by 8% from last year’s quarter.
• Subscription and service revenue increased by 12% and reached $25 million.
• Revenue generated from the retail channel was approximately $229 million.
• The gross margin share of GAAP and non-GAAP was 34.2% and 34.4%, respectively.
• Overall gross profit has decreased by 3.1% from the last quarter of 2022, resulting in $101.1 million.
• Net cash flow generated from operating activities was $43.7 million.
• Lastly, GoPro has repurchased 2.8 million shares, resulting in $10 million worth.
• As of 8 February 2024, the market capitalization of GoPro accounted for $0.39 billion.
• The company’s market capitalizations are Eastman Kodak Company ($0.27 billion), Avid Technology ($1.19 billion), and Canon ($26.75 billion).

GoPro Income Statement Statistics

4 Years Analysis From 2021 to 2024

(Source: marketscreener.com)

In analyzing the company’s financial performance over the past year and projecting into the first half of 2024, several key trends and figures have been identified. These insights are presented in a simplified and accessible manner for ease of understanding:

• First Quarter of 2023:
  • The company reported sales of $175 million.
  • Despite these sales, there was a loss, with operating profits at negative $30 million.
  • The net income also showed a loss of $30 million.
  • The net margin, which measures profitability, was negative at 17.10%.
  • Similarly, the operating margin was negative at 17.03%, indicating operational inefficiency.
• Second Quarter of 2023:
  • Sales improved significantly to $241 million.
  • Losses were reduced with an operating profit of negative $12 million.
  • Net income was still in the negative at $17 million.
  • Both net margin and operating margin showed improvements but remained in the negative at 7.14% and 5.02%, respectively.
• Third Quarter of 2023:
  • Sales continued to increase, reaching $294 million.
  • The company achieved a positive operating profit of $6 million for the first time in the year.
  • Net income was nearly breakeven, with a small loss of $4 million.
  • The net margin improved to negative 1.25%, and the operating margin turned positive at 1.95%.
• Fourth Quarter of 2023:
  • Sales remained stable at $295 million.
  • Operating profit saw a slight decrease to $2 million.
  • The net income loss was reduced further to $2 million.
  • Net margin showed a minor loss at 0.82%, and operating margin was 0.69%.

Looking ahead to 2024, the company’s financial projections indicate:

• First Quarter of 2024:
  • Expected sales are at $147 million, a decrease from previous quarters.
  • Net income is projected to be at a significant loss of $43 million.
  • The net margin is expected to worsen to negative 29.53%.
• Second Quarter of 2024:
  • Sales are forecasted to rise to $226 million.
  • Net income is anticipated to be a loss of $23 million, showing improvement.
  • The net margin is expected to be negative at 10.16%.
• Third Quarter of 2024:
  • Sales are expected to increase further to $323 million.
  • The company is projected to return to profitability, with a net income of $4 million.
  • The net margin is expected to be positive at 1.15%.
• Fourth Quarter of 2024:
  • Sales are projected to grow to $340 million.
  • Net income is expected to increase significantly to $17 million.
  • The net margin is anticipated to improve to 4.91%.

These points outline the financial journey of the company, showcasing a period of initial losses followed by a gradual return to profitability. The improvements in sales, reductions in losses, and eventual profit by the end of 2024 highlight the company’s resilience and potential for growth.

GoPro Site Traffic Statistics

By Country

(Source: similarweb.com)

• In January 2024, in January 2024, the United States had 29% of all traffic on gopro.com however, it saw an improvement of 0.73 percent in the total number of users.
• Other countries with the total number of visitors and traffic contribution include Japan = 6.8 percent (-6.08 percent), Germany = 5.57 percent (+18.56 percent) The United Kingdom = 4.76% (-12.26 percent) in addition, France = 4.24 percent (-1.32 percent)
• In contrast, the other countries together made 49.64 percent of the total web traffic share.

By Device

(Refernce: semrush.com)

• Global Visitor Distribution on GoPro’s Website: The global traffic to GoPro’s website is divided between desktop and mobile users, with 33.72% of visitors accessing the site via desktop and a larger share, 66.28%, using mobile devices. This indicates a significant preference for mobile browsing among GoPro’s global audience.
• United States Visitor Statistics: In the United States, GoPro’s website attracts 2.81 million visitors, representing 4% of its total traffic. Among these U.S. visitors, 38.73% prefer using desktops, while 61.27% opt for mobile devices. This distribution underscores the dominance of mobile usage even within the U.S. market.
• Visitor Share by Country:
  • France: Accounts for 5.38% of the total visitors to GoPro’s website, translating to 520,170 individuals. The split between device preferences in France shows 33.36% using desktops and 66.64% on mobile devices.
  • Mexico: Represents 4.88% of GoPro’s web traffic, or 471,090 visitors, with a significant inclination towards mobile usage at 90.05%, compared to only 9.95% using desktops.
  • Japan: Makes up 4.67% of the traffic, equal to 451,470 visitors, with a distinctive preference for desktop access at 56.58%, surpassing mobile usage, which stands at 43.42%.
  • Germany: Contributes 4.06% to the total visits, amounting to 392,390 visitors. Here, the split is more balanced, with 44.65% using desktops and 55.35% preferring mobile devices.

By Demographics

(Refernce: semrush.com)

• User share of GoPro is followed by 67.45% and 32.55% of males and females, respectively.
• According to the GoPro Statistics, the highest number of users observed is between 25 and 34 years, resulting in 30.69%.
• There are 21.62% of GoPro users aged between 35 and 44 years.
• 26% and 15.62% belong to 45 to 54 years and 18 to 24 years, respectively.
• 04% of users aged between 55 and 64 years.
• And 5.77% of users are contributing from the age group above 65 years.

Through Traffic Sources

(Refernce: semrush.com)

• The most traffic-driven way to gopro.com is through organic search which is 44.9 percent.
• 42.12 percent is direct traffic which is which is followed by 6.73 percent share from paid search.
• Other sources of traffic to gopro.com include social search (3.16 percent) as well as referral (1.47 percent) mail (1.23 percent) and display (0.89 percent).

Social Media Traffic

(Refernce: semrush.com)

• YouTube has the highest social media referral rate on the website of gopro.com, resulting in 48.7%.
• Facebook and Reddit contribute a traffic share of up to 17.38% and 12.53%, respectively.
• Traffic share sent by LinkedIn is 12.26%, and Instagram made around 2.51%.
• Meanwhile, other social media networks make a nominal contribution of 6.63%.

Top Picked GoPro Specification

GoPro Hero 12 Black (best video quality camera)

(Source: media-amazon.com)

Specifications: video (5.3K at up to 60p) and (4K at up to 120p), slow motion: 8X (2.7K at 240p), 1080P Live streaming, 24.7MP still photo, image stabilization (hyper smooth 6.0), time warp 3.0 with real speed and half speed, audio (3 microphones), LCD (Front and rare touch screen), waterproof (3feet or 10m), WiFi and Bluetooth connectivity.

GoPro Hero 11 Black

(Source: media-amazon.com)

Specifications: video (5K/60fps, 4K/120fps, 1080p/240fps), slow-motion (8X), 1080p (live streaming), photo (27.3MP), image stabilization (hyper smooth 5.0), photo burst (27MP at 0fps), time warp 3.0 featuring actual and half speed, audio (3 microphones), waterproof (3feet or 10m), WiFi and Bluetooth connectivity, voice control, GPS, and1720mAh Enduro battery for longer life.

GoPro Hero 10 Black

(Source: amazon. in)

Specification: video (5K/60fps, 4K/120fps, and 1080p/240fps), slow-motion (8X), 1080p (live streaming), photo 23.6MP, image stabilization (hyper smooth 4.0), photo burst (12 MP at 30fps), time warp 3.0 featuring actual and half speed, audio (3 microphones), waterproof (3feet or 10m), WiFi and Bluetooth connectivity, 3D noise reduction, and voice controls.

GoPro Hero 9 Black

(Source: amazon. in)

Specifications: video (5K/30fps, 4K/60fps, and 1080p/240fps), photo (23.6P), image stabilization (hyper smooth 3.0), photo burst (12MP at 30fps), three microphones, LCD touch screen, waterproof (33 feet / 10m), voice control, WiFi and Bluetooth connectivity.

GoPro Hero 8 Black

(Source: amazon. in)

Specifications: video (4K/60fps, and1080p/240fps), photo (12MP), image stabilization (hyper smooth 2.0), photo burst (12MP at 30fps), Time wrap 3.0, 3 microphones, LCD touch screen, waterproof (33 feet / 10m), voice control, WiFi and Bluetooth connectivity, 100Mbps bitrates for 4K and 2.7K.

GoPro Max (360-Degree)

(Source: amazon. in)

Specifications: video (6K/30fps, and 5.6K/30fps); HERO Mode (1440/60fps, and 1080/60fps), Photo (18MP), 5.5MP HERO Photo, 6.2MP panoramic photo, image stabilization (max hyper smooth), photo burst (12MP at 30fps), six microphones, waterproof to 16 feet, WiFi, and Bluetooth connectivity, advanced voice controls, single SD card slot, and 1.7-inch color touchscreen.

Conclusion

Nowadays, GoPro is the most incredible action camera available in the global market, as these cameras are undeniably great for recording outdoor video. Even GoPro is known to be the best action camera brand, and it has several positive impacts described above in the paper. This article is about current trends and overall market analyses of GoPro; I hope all the above information will help you gain basic knowledge about the industry and help you determine the best GoPro of your choice.

Source:: Coolest Gadgets

By Andrea Hak

From Skynet to The Matrix, the possibility of machines one day being able to outsmart us has provided the backdrop to stories from science fiction books to the silver screen. But with AI technology evolving at rapid speed, will it soon be time to say “hasta la vista baby” to humans’ control over machines? Although many now agree that the trajectory towards Artificial General Intelligence (AGI) has been set, experts are divided on when we’ll reach this technological milestone. Several subscribe to the vague notion that it could happen “around 2050.” Still, others, such as DeepMind co-founder Shane Legg, believe…

This story continues at The Next Web

Source:: The Next Web

By Siôn Geschwindt

A giant tidal energy “kite” located in the waters off Vestmannsund, Faroe Islands, has delivered its first power to the grid, in a significant step forward for the budding ocean energy industry. Dubbed the Dragon 12, the device swims against the current, which turns its rotor and generates about 1.2MW of clean electricity — enough to power a small town of around 1,000 homes.  The kite was first designed by carmaker Saab and then commercialised in 2007 by Swedish startup Minesto, which has been refining the technology ever since. “This is a big day for Minesto,” said Dr Martin Edlund,…

This story continues at The Next Web

Source:: The Next Web

By Siôn Geschwindt

As the world electrifies, the race is on to build better batteries that take you further, charge faster, are safer, and more sustainable.  Dutch startup LionVolt is developing 3D solid-state batteries that it says ticks all the above — and it’s just raised €15mn to scale up production. LionVolt — a spinout from TNO’s Holst Centre in Eindhoven, the Netherlands — is working on solid-state batteries that don’t contain the liquid lithium common in standard lithium-ion devices.  Instead, the batteries are made up of a thin film containing billions of solid pillars, creating a patented 3D architecture with a large…

This story continues at The Next Web

Source:: The Next Web

By Ioanna Lykiardopoulou

A new biotech startup developing immuno-dermatology technologies for skin diseases has launched today with $100mn (€93mn) in seed funding. Based in Boston and Geneva, Alys Pharmaceuticals is co-founded by Medicixi, a European healthcare-focused investment firm, and six university scientists, including Nobel Prize winner Craig Mello. The startup is a merger of six individual companies in the field (also backed by Medicixi), which in combination boast 14 active R&D programmes. Alys is targeting chronic autoimmune skin conditions, including atopic dermatitis (eczema), alopecia areata (loss of hair), vitiligo (discoloration of the skin), and spontaneous urticaria (hives). For context, 1 in 10 individuals…

This story continues at The Next Web

Source:: The Next Web

Source:: Computer World