Video camera company GoPro ended 2014 on a strong note with excellent sales figures during the holiday season. The Hero 4 device was estimated to sell around 2.4 million units during that quarter alone. In addition to strong product sales, the company also began to diversify with new offerings such as the GoPro Channel, a streaming content platform and the formation of strong partnerships with LG and Marriott.

GoPro is not content to rest its laurels, however, and is currently hard at work on the GoPro Hero 5. The company is looking to capitalize on the success of the Hero 4 and is planning on making an even bigger impact with the Hero 5.

However, it turns out that the improvements expected in the new Hero 5 has caused a delay in its release. Based on a report at The Fuse Joplin, the Hero 5 is still expected to be released this year, albeit at an unspecified time in the latter portions of the year. This is not necessarily a bad thing as GoPro is adding a lot of specifications improvements to the next generation gadget that will bring with it added features and improved performance. A late 2015 release still lies up perfectly with the holiday spending rush, so such a release date may not be timing for GoPro.

Some of the reported improvements include better underwater capabilities, a more efficient battery, and a dual lens setup.

For now, there is no concrete information on the price of the Hero 5, with initial estimates ranging from 400-500 USD. That is, of course, based in large part on the Hero 4 which is priced at around 500 USD, though the release of the Hero 5 will surely drive down its retail price.