16 Oct

Making Sense of the AT&T-TUMI Collaboration

WRITTEN BY Ruchi Gupta

AT&T-TUMI

According to research company Boston Consulting Group, three industries (discrete manufacturing, transportation and logistics, and utilities) will likely account for 50% of IoT (Internet of Things) spending by 2020. Research company IDC predicts that global IoT spending will surpass $1.0 trillion by 2020. Attracted by the bright prospects of the transportation subset of the IoT, US (SPY) wireless network operator AT&T (T) teamed up with luggage company TUMI to go for IoT spending tied to transportation.

Making Sense of the AT&T-TUMI Collaboration

Luggage tracker device

The companies are targeting the consumer segment of the transportation IoT market with a luggage tracking device, the TUMI Global Locator. The device, which weighs 150 grams and is about the size of the iPhone 7, is designed to track the location of bags or suitcases and send real-time alerts to users.

TUMI Global Locator uses GPS (global positioning system), GSM (global system for mobile communication), Wi-Fi, and Bluetooth signals for luggage tracking. The tracker can be tethered to devices running Apple’s (AAPL) iOS or Google’s (GOOGL) Android.

According to SITA (Société Internationale de Télécommunications Aéronautiques) and Air Transport World, over 21.6 billion bags were mishandled globally in 2016. The TUMI Global Locator could give travelers some much-needed peace of mind.

Global connectivity support

AT&T provides global connectivity for the TUMI Global Locator. This arrangement should help AT&T grow its share of IoT spending and compete with Verizon (VZ). As illustrated in the chart above, IDC estimates that global IoT spending was $737 billion in 2016, and will swell to $1.3 trillion by 2020.

Latest articles

Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.

The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.

Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.

Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.

14 Jun

IEA Again Slashes Its Oil Demand Growth Estimate

WRITTEN BY Rabindra Samanta

As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.

Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.

172.31.71.127