Polaroid's latest product, the Cube, is pushing its way into the sports-action market to compete with the dominant GoPro cameras.
In an interview Friday with CNBC's "Squawk on the Street," Polaroid CEO Scott Hardy said that while GoPro focuses on extreme sports, "we're really focused on addressing a more broader demographic, so that's younger, more female as well as even an older demographic."
The Cube is a 35 mm camera that shoots both HD 720p or 1080p video. Hardy gave his children Cubes for Christmas and said that the product is meant to be "much more playful and fun than a typical action camera."
It's priced at $99 compared with the GoPro Hero action camera at $129.
Polaroid has been able to hold on to its iconic image over the years as it recovers from a second bankruptcy filing and kicks off the year with new leadership.