GoPro (GPRO) Relationship with Amazon (AMZN) 'Strong', 'Ongoing'; HERO5 Delay Related to Negotiations of UPP

October 13, 2016 12:46 PM EDT

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GoPro (NASDAQ: GPRO) issued the following statement to amid earlier reports it has stopped selling its products on Amazon (NASDAQ: AMZN):

  • GoPro and Amazon have a strong and ongoing working relationship.
  • We expect HERO5 will be sold on Amazon soon – most likely by the end of this month or early November.
  • HERO5 is currently offered online and in-store with several other outlets.
  • The temporary delay in selling HERO5 on Amazon is attributable to a negotiation on our UPP.

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