GoPro Hero 5 release date, specs news update: Next gen action camera to arrive with Karma Drone?

The highly anticipated GoPro Hero 5 has been a subject of numerous rumors and speculations online. There have been contradicting reports emerging with regard to its development and release date. Despite the company's continued silence, another rumor has surfaced suggesting that the next generation action camera from GoPro will arrive along with their first drone product called Karma.

The GoPro Hero 5 is expected to be more handy and streamlined than previous GoPro iterations | GoPro

During a recent interview, Nick Woodman, GoPro CEO, said that they will definitely release three new devices before the year ends. However, the head of the company did not cite the name of the products and the specific launch date.

It was previously reported that the upcoming Karma Drone will be the first release of the company this year. With the new revelation, fans of the action camera will certainly have something to get excited about during this year's holiday season.

According to a report by The Verge, Woodman admitted that GoPro has suffered a slump in terms of sales in 2015. However, the company has remained positive and is expected to make up for the loss with its upcoming releases.

At the end of last year, GoPro's stock value has dropped dramatically, which caused some concerns amongst investors.

"Our growth rate has slowed, and some analysts have attributed this to competitive threats and our ability to address a market beyond our core customer," the CEO said during the initial investor call of 2016.

Meanwhile, there are reports suggesting that the new GoPro Hero 5 will feature major upgrades compared to its predecessor. One of the expected additions to the next gen action camera is its ability to shoot video at 8K resolution. There are speculations saying that it can also shoot 4K videos at 60fps and 1080p.

Nonetheless, the company has yet to confirm these reports. Fans must take these rumors and speculations with a grain of salt until GoPro decides to officially announce the device.