No, that's precisely my point. It's
only an action camera, and you assert that the market is massive, but I don't see it. Just how many millions of units can you sell to YouTuber spelunkers, YouTuber mountain bikers, YouTuber paragliders, YouTuber divers, and so on?
The reality is that even in "action" situations - the situations where normal people want to capture memories of hiking, biking, boating, etc - normal cameras, including cell phones, are usually more than enough and GoPro somehow managers to be worse.