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GoPro Plunges After Apple Gains Remote Camera Patent

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GoPro Inc. shares plummeted 12 percent, their steepest decline since August, after Apple Inc. was granted a patent for a remote-control camera system.

The stock dropped to $49.87 at the close in New York. The plunge followed Apple gaining a patent today from the U.S. Patent and Trademark Office for a system that lets consumers control a digital camera remotely.