GoPro Hero 5 release date, price and specs rumors: New action camera to have 8K resolution support, Karma Drone ready?

GoPro Hero 5 has been surrounded by several rumors and speculations all over the Internet for many months now. The company has continued to stay mum about its development, much less its release date. However, tech observers have reasons to believe that the upcoming model of the GoPro Hero 5 line will come out in October 2016.

Nonetheless, all fans have now are merely just rumors and these information must be taken with a grain of salt. Until the company decides to issue a statement with regard to its development, the rumored release could be just speculations created by some fans. According to a report by Seeking Alpha, GoPro is currently experiencing rough times in terms of sales as their stock price dropped significantly, which started in the second quarter of 2015. Now, there is a growing concern from fans and critics who are wondering if the company can surpass the challenge.

People are also wondering if the slow sales have affected the release of the upcoming GoPro Karma Drone. Apparently, the release of the device has been delayed, which could be due to the business issues the company is currently facing.

Meanwhile, tech observers believe that the company is now planning to make a big release out of Hero 5. It could be GoPro's redeeming product as they will try to recapture the business stability they once had.

According to reports, the next GoPro Hero model will support 8K resolution and has a higher 2,800 mAh battery. Some reports suggest that the device will run on a Snapdragon 800 processor from Qualcomm. There are also fans speculating that the device will have an underwater focus and should be drone ready once it hits the market. GoPro is also said to allow VR support on their next Hero device.

For now, fans are hoping that the company will finally release a statement with regard to the upcoming product. Rumor has it that the device will be priced at $450–$550 once it hits the shelves.