GoPro took a tumble on Wall Street yesterday amidst reports that Apple had secured a patent for a portable digital camera and wrist-worn remote, but GoPro shouldn't panic just yet.

The patent in question is actually one that Apple acquired from Kodak in a 2012 auction of the beleaguered imaging firm's assets, as noted by AppleInsider.

That auction saw the sale of Kodak's digital-imaging patents to companies like Apple, Microsoft, and Google for $527 million.

On Tuesday, the patent for the GoPro-like technology was officially re-assigned to Apple, sparking chatter that Cupertino was going after the popular GoPro. But as patent watchers know, having a patent for a particular technology does not mean a company will release a product that takes advantage of it. AppleInsider suggested it might be used as an accessory for the upcoming Apple Watch, though.

Still, the patent—which calls for a rugged digital camera and wearable remote control, with underwater capabilities, stabilization technology, and mounting options for helmets and bicycles—does call out GoPro.

GoPro's "HD Hero 2 camera includes only a single image capture system, which captures images using an optical axis directed outward from the 'front' of the camera," the patent reads. "This can cause excessive wind resistance and presents a high profile that is more susceptible to damage and image artifacts from vibrations in some situations."

And while an action cam may be old news, the company this week earned a new and rather broad patent for Kinect-like gesture-based controls. Awarded Tuesday by the U.S. Patent and Trademark Office, the license covers a "three-dimensional user interface session control, which simply means you wave your hands and something happens on your device.

For more, see PCMag's review of the GoPro Hero4 Silver (slideshow above) and GoPro Hero3+ Silver Edition.

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