|Bid||N/A x N/A|
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|Day's Range||20.87 - 21.22|
|52 Week Range||20.50 - 21.79|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||N/A|
|Expense Ratio (net)||N/A|
Tech and Media's Latest: NVIDIA, Netflix, Hulu, EA, and Apple(Continued from Prior Part)Apple Watch is by far the most popular smartwatch The Apple (AAPL) Watch has clearly been the leader in the smartwatch space for a while now. Its penetration
The Latest Buzz on Tech Stocks: Facebook, Roku, and Fitbit(Continued from Prior Part)Fitbit posted its first year-over-year shipment growth since 2016 Fitbit’s (FIT) second smartwatch, the Versa, launched in February last year and has been the key
Tech Sector Must-Knows: Box, Amazon, Apple, and Lyft(Continued from Prior Part)Apple had a 50% market share in smartwatches in 2018 Apple (AAPL) disrupted the wearable segment (WEAR) a few years back by launching its smartwatches, which almost
The Latest Trends in Tech: Amazon, Google, Cisco, Apple, and Dish(Continued from Prior Part)Smartwatches have been a shining light in the wearables spaceThe wearables (WEAR) space has seen seeing lackluster growth for the last couple of years.
The wearables sector (WEAR) is seeing a resurgence. After growing over 5% YoY (year-over-year) in the second quarter of 2018, it saw robust growth in the third quarter.
Fitbit (FIT), which was the leader in the wearables segment (WEAR) not many years ago, has been in Apple’s (AAPL) shadow recently. Fitbit announced its third-quarter earnings results on October 31, but it didn’t spook investors! After several quarters of negative YoY (year-over-year) revenue growth, the company reported positive revenue growth in the third quarter, with its revenue reaching $393.6 million.
Fitbit (FIT) has been shifting its focus to making smartwatches in light of the competition with the market leader, Apple (AAPL). The company just launched Fitbit Care, its new health coaching platform. At the foundation of this service is Twine, a health platform that Fitbit recently acquired.
Along with the three versions of the iPhone, Apple (AAPL) also unveiled Apple Watch Series 4, which has impressed a lot of people. Apple’s latest smartwatch has a price tag of $399. The arrival of Apple Watch 4, along with the lower price tags on older models, could mean that Apple will have more market share in the wearable segment, which it already leads.
Fitbit (FIT) stock is up 13.8% since August 15. The stock surged after the company announced that it will be launching its third smartwatch, Charge 3, in October this year. The stock has regained some of its losses after Fitbit made a foray into smartwatches, which represents a bright spot in the sluggish wearable segment (WEAR).
Eve Capital hopes to capitalize on the $94.4 billion augmented reality and virtual reality market after changing the index for WEAR – the Wearable ETF (CBOE: WEAR) to the EQM Tactile AR/VR Virtual Technology Index. This led to a subsequent name change to the Tactile Analytics AR/VR Virtual Technologies Fund (CBOE: ARVR) on July 9. With the name and index change comes a focus of capitalizing on a global augmented reality and virtual reality market that expects to reach $94.4 billion by the year 2023, per a report released by Research and Markets.
Apple (AAPL) has leapfrogged Fitbit (FIT) and Xiaomi in the wearables sector (WEAR) in the last few quarters. According to the most recent research by Canalys, Apple shipped 3.5 million smartwatches in its fiscal third quarter, a robust 30% rise from the same quarter last year. According to Canalys, the tech giant shipped 250,000 LTE (long-term evolution) units in Asia excluding China.
Fitbit’s (FIT) stock price jumped 2.4% in after-hours trading on Wednesday, August 1, after announcing its second-quarter earnings. While the company’s revenues fell 15.3% YoY (year-over-year) to $299.3 million, its revenues easily beat analysts’ estimates of $285.4 million. Fitbit posted a net loss of $54.2 million in the second quarter, compared to a net loss of $19.3 million in the second quarter of 2017. Fitbit reported EPS of -$0.22, slightly better than Wall Street’s EPS estimate of -$0.24.
As we discussed in the previous article, Apple’s (AAPL) iPhone revenue growth may not be sustainable. Apple will depend on other segments, especially the Services segment, to contribute more to its revenue growth. The Services segment, which includes Apple’s revenue from Apple Music, iCloud, Apple Pay, and the App Store, to name a few, continues to see robust growth.
NEW YORK , June 29, 2018 /PRNewswire/ -- Exchange Traded Concepts, LLC (ETC) , a leader in providing white label Exchange Traded Fund (ETF) solutions, in conjunction with Eve Capital, today announced ...