Apple Granted Patent For GoPro-Style Camera

Apple Inc. (NASDAQ: AAPL) has been granted a patent for a superior GoPro Inc (NASDAQ: GPRO)-style camera, according to Patently Apple.

"In one implementation, Apple's invention could directly move into GoPro's territory as the patent specifically mentions the weaknesses of the GoPro devices," the report said.

"Specifically, the patent notes that the new camera system could be secured to various objects, such as a bike helmet or scuba mask, or mounted to the handlebars of a motorcycle or the front of a surfboard. The new camera system also notes that an iPhone (smartphone) could be used under water to take pictures and record sounds in a water environment."

Apple recently traded at $111.39, up 1.96 percent.

GoPro recently traded at $51.21, down 9.8 percent.