GoPro Inc., the company behind the famous action camera, is in trouble as the lack of news surrounding their new "Go Pro Hero 5" weakens stocks.

According to Christian Post, there has been little or almost no official news about the new version of their most awaited action camera. With Go Pro fans gearing up for the holiday season, the absence of the new device has already disappointed some who were looking forward to getting the new "GoPro Hero 5."

Neurogadget has also reported GoPro Inc. was set on releasing the new action camera by October this year, but as the deadline moved a bit closer the company then decided to move the release date a little bit further to 2016 launch instead. The move was placed so that new enhancements could be added to the new "GoPro Hero 5", making it stand out from its other action camera competitors.

The lack of news may not only be hurting GoPro Inc.'s profits but quite possibly its investors as well. According to MarketWatch, the company shares have hit a all-time low after reported missing their profits and sales goals. The report also states the Analysts have concluded that shares have also dropped due to GoPro Inc. failure to launch the "GoPro Hero 5".

According to the Day Herald, the new device is stated to be a better action camera than its predecessor. The "GoPro Hero 5" is speculated to have a better battery life and better waterproof capabilities. The device could shoot up to 60-meters underwater. The new "GoPro Hero 5" is also speculated to have an 8k HD resolution unlike its predecessor with only 4k resolution. The report also states that the new "GoPro Hero 5" would have an A10 chip with will help the device shoot in different condition.

There is no word yet on the possible price range for the new "GoPro Hero 5" but it is speculated to be priced around $500-$600.