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GoPro – Xiaomi Battle Heats Up Further In China

One of the biggest concerns analysts have had about GoPro Inc (NASDAQ:GPRO) lately is competition. Xiaomi recently entered the arena with its much less expensive action camera, which has begun to take hold in China. Earlier this month, it looked like Chinese Android users at least were starting to shift from favoring GoPro's cameras to the cheaper cameras made by the company's domestic rival.

However, last week there was another shift, and GoPro again became China's favorite action camera manufacturer overall.

GoPro searches still declining

Analysts Charles Anderson and Jessica McHugh of Dougherty & Company have been keeping close tabs on a number of key data points suggesting where GoPro's sales may be heading next. They report that Google Inc (NASDAQ:GOOG) searches for the keyword "GoPro" declined 6% year over year last week, compared to the previous week's decline of 3%.

In the U.S., searches fell 5%, compared to the...