Facebook: There Remains a Need for Revenue Diversification
According to eMarketer, Facebook (FB) took 19.9% of total US digital advertising funds in 2017, and Google (GOOGL) took 38.6%.
How Apple Watches Claimed First Place in the Wearables Market
Wearable device shipments grew 7.7% in 4Q17 According to IDC Research, the wearables market (WEAR) saw growth in 4Q17 and fiscal 2017, mostly due to the increasing popularity of smartwatches. Global wearable shipments reached 37.9 million units, marking a decent 7.7% increase from the same quarter last year. In 2017, total wearable device sales rose 10.3% […]
The 2% Fall in Fitbit Stock since May 1
Despite a 40.0% YoY fall in sales in 1Q17, Fitbit stock rose 12.0% on May 4, 2017, since it beat analysts’ revenue estimate.
Apple to Roll out Second Generation Watch amid Falling Smartwatch Sales
After the Apple Watch (AAPL) was launched in April 2015, Apple is largely expected to unveil its second generation watch on September 7, 2016.
Apple Watch Business Will Be Interesting to Watch in 2018
Apple (AAPL) and its partner AliveCor scored an important milestone in the final weeks of 2017 in their push into the multibillion-dollar digital health market.
Here’s Fitbit’s Latest Foray into Smartwatches
The Charge 3 will be able to display pop-up notifications from apps like Facebook.
Apple Should Pose the Biggest Threat to Fitbit
The Apple Watch is the biggest threat to Fitbit despite its being released only recently. In April, Apple released the Watch in nine countries.
Can GoPro Swing a Comeback in 2017?
Though GoPro missed revenue estimates in 4Q16, it was still the firm’s second-best-performing quarter in terms of revenue, driven by sales of its HERO5.
Why Fitbit Continues to Lead the Wearables Market
IDC expects the wearables market to grow 20.3% from 2016 to 2020. Total shipments are projected to rise from 79 million in 2015 to 101.9 million in 2016.
Apple May Report Subdued Apple Watch Sales in 3Q15
Apple has tried its best to popularize the Apple Watch. A couple of months ago, Apple and IBM (IBM) added three new apps for Apple Watch.
Fitbit’s Team Strategy: The Benefits of Acquisitions and Partnerships
In 2016, Fitbit (FIT) inked a deal with Pebble to harvest certain Pebble assets, now that the latter company has begun shutting down operations.
What to Expect from Mastercard Moving Forward
Wall Street analysts expect Mastercard (MA) to post earnings per share (or EPS) of $1.25 for 1Q18.
How Is GoPro Enhancing Customer Experiences?
During GoPro’s 4Q16 earnings call, the firm stated that it wants to make GoPro products central to the smartphone experience.
Under Armour’s Fitness App Platform Is the World’s Largest
Late last year and in early 2015, Under Armour acquired Endomondo and MyFitnessPal. Its fitness app user platform became the largest in the world.
Why Apple Need Not Worry about Google’s Fitbit Takeover
Google’s acquisition of Fitbit on Friday was a significant development in the world of wearables, upon which Apple depends heavily.
How Pinterest, Twitter, Snap, and Facebook Stocks Compare
Facebook stock ranks among the best social media stocks in 2019. Strong earnings and subscriber growth have powered stock gains at Facebook and Snap.
Apple Watch Has Made Rapid Strides in the Wearables Market
At the June 2015 Worldwide Developers Conference in San Francisco, Apple released watchOS 2, its software update for Apple Watch.
Facebook and Jio Talks: Everything You Should Know
Facebook (NASDAQ:FB) in talks to purchase a 10% stake in Indian telecom operator Reliance Jio. Notably, Jio is a subsidiary of Reliance Industries.
Here’s Why R&D Spending Is so Important for Fitbit
Fitbit’s revenues have increased substantially during the past few quarters, and so the company has placed a significant focus on its R&D spending.
Fitbit Stock Fell 6.6% Last Week
Fitbit (FIT) stock fell 6.6% in the week ended May 4 to close at $4.95 per share.
Can Fitbit Recover after a Disappointing 2016?
Shares of Fitbit (FIT) fell 12.4% last month to close at $7.32. Shares of Fitbit fell over 75% in 2016, driven by the fall in sales due to low consumer demand and a slowdown in the wearable market.
Inside Nokia’s View of Digital Health after the Write-Down
Nokia (NOK) wrote down roughly $164 million in goodwill on its digital health business in 3Q17, which came as a disappointment.
Behind Fitbit’s Key 3Q17 Metrics
Fitbit (FIT) has sold over 70 million devices to date. In 3Q17, Fitbit sold 3.6 million devices—a fall of 32% YoY (year-over-year).
Window Opens for Google to Save Fitbit Acquisition Deal
The European Union antitrust regulator has offered Google (NASDAQ:GOOGL) a chance to save its Fitbit (NYSE:FIT) acquisition deal.
Should Google Renegotiate the Fitbit Acquisition Deal?
Google’s (NASDAQ:GOOGL) bid to purchase Fitbit (NYSE:FIT) faces regulatory hurdles. Fitbit is a prominent company is the fitness tracker market.
Rumors Keep Swirling: Will Google Acquire Roku?
Roku (NASDAQ:ROKU) shares rose more than 12% on Tuesday. The shares soared due to rumors about Google acquiring the company.
Apple Retains Smartwatch Market Crown, Google-Fitbit Deal Drags
Apple (NASDAQ:AAPL) continues to dominate the global smartwatch market. Meanwhile, the Google-Fitbit deal remains stuck in the regulatory process.
Google Increases Custom Chip Efforts, Puts Qualcomm on Notice
In recent years, Alphabet’s Google has been fitting its Pixel smartphones with custom chips. The company plans to expand its custom chip efforts.
Google and Fitbit Deal Faces a Big Hurdle, DOJ Expands Review
In November 2019, Alphabet’s Google agreed to purchase fitness trackers maker Fitbit (NYSE:FIT) for $2.1 billion. However, the deal is still pending.
Apple’s Smartwatch Business Soars, Competitors Fall Behind
Apple controls about a 49.7% share of the global smartwatch market. The company is the clear leader in the market.
Google Buys Pointy and AppSheet, Expands Footprint
This week, Google announced the acquisition of two technology startups—Pointy and AppSheet. Both deals will expand Google’s technology and tools.
Before Google Bought Fitbit, the Cloud United Them
The Google-Fitbit deal was the result of a relationship evolution that began with Google making Fitbit its cloud computing customer.
Google-Fitbit Deal: Three Things to Know This Week
More than five weeks have passed since Google (GOOGL) made a deal to swallow Fitbit (FIT) for $2.1 billion. It didn’t reach that deal without a contest.
Apple Accounts for 35% of the Global Wearables Market
Apple’s overall shipments grew 94.6% YoY to 84.5 million units. Its shipments rose by a massive 195.5%, accounting for 35% of the global wearables market.
Fitbit Stock Is Down, but No Savings for Google
Google and Fitbit stocks have moved in opposite directions since the companies’ merger deal, whose value isn’t affected by stock movements.
What Investors Can Learn from Facebook’s Fitbit Bid Failure
Facebook pursued Fitbit but lost the bidding war to Google, which bumped up its offer more than 60%. Facebook remains keen to expand its hardware business.
Google Nearly Saved $800 Million on Fitbit Acquisition
Google announced early this month that it would be acquiring Fitbit, a prominent fitness tracker maker. It reportedly won Fitbit after a bidding war.
AirPods and Apple Watch to Make $35 Billion in 2019
Ever since Apple’s (AAPL) iPhone launched over a decade ago, it’s been a key sales drive. Now, AirPods and Apple Watch are likely to lead growth.
Amazon Pharmacy, AWS Data Exchange, and JEDI
According to Gartner’s research published in April 2019, the estimated share of the cloud business segment could cross $300 billion by 2022.
Fitbit Losing Customers over Google’s Purchase Deal
Google’s deal to acquire Fitbit is facing more challenges. Some Fitbit users are dropping the service as privacy groups call for the merger to be blocked.
Google’s Nightingale Project: A Boon or a Curse?
Alphabet stock closed 0.08% lower yesterday after news of privacy concerns about Google’s healthcare initiative, Project Nightingale.
Apple Watch Outperforms the Global Smartwatch Market
Apple Watch shipments surged over 51% year-over-year in the third quarter. Find out what’s driving this growth and what’s next for Apple wearables.
Google Investigating Executives: How Investors Should See It
Google parent Alphabet (GOOGL) is investigating executives. The probe’s focus is on how Alphabet executives handled complaints about sexual harassment.
The UK’s Labour Party: Block the Google-Fitbit Deal
The UK’s Labour Party wants to stop Google’s acquisition of Fitbit. The UK previously delayed PayPal’s closing of the iZettle acquisition.
On-the-Move Tech Stocks: GOOGL, AAPL, FIT
Let’s take a look at three big tech stocks— Alphabet (GOOGL), Apple (AAPL), and Fitbit (FIT)—to see what’s driving them right now.
Google to Acquire Fitbit for $2.1 Billion
Fitbit (FIT) shares have gained 15% today. Google (GOOG) (GOOGL) announced that it will acquire Fitbit for $2.1 billion, according to a press release.
In Fitbit, Google May Not Get a Great Business but a Good Promise
Google has set its sights on wearable device maker Fitbit. Reuters reports Google parent Alphabet has gone as far as making a buyout offer for Fitbit.
A Look at Expected Growth for the Apple Watch in 2018
Analysts expect Apple Watch Series 3 shipments to rise 20.0% year-over-year in 2018 to 23 million–25 million units.
Why Fitbit Needs to Consider Google’s Acquisition Bid
Fitbit (FIT) stock has gained 43% in the last three trading days. FIT stock is trading at $4.31, which is 118% above its 52-week low.
How Analysts View Revenue Growth and Price Target for Apple
Analysts expect Apple’s (AAPL) revenues to rise 10.1% year-over-year to ~$86.2 billion in fiscal 1Q18.
Will Apple Wearables Outshine Macs and iPads in Q4?
Markets are eagerly waiting for Apple to release its fourth-quarter results tomorrow. AAPL stock has risen to record highs this month amid optimism.
Tech Movers: Fitbit, Roku, and Datadog Lead Gains
The broader markets were subdued today. However, tech stocks Datadog (DDOG), Roku (ROKU) and Fitbit (FIT) gained significantly. Here’s why.
Fitbit Stock Rises as Acquisition News Excites Investors
Fitbit stock climbed on September 20 after reports claimed the consumer technology giant had hired a boutique investment company to explore a sale.
Fitbit Watch with Alexa: A Challenger for Apple Watch?
Fitbit (FIT) stock rose 5% today, driven by the launch of its new smartwatch, the Fitbit Versa 2. FIT is trading at $3, 57% below its 52-week high of $6.96.
Five Tech Stocks that Are Risky for Investors
Let’s look at five tech stocks that are trading at 52-week lows (some are at all-time lows) and are still way too risky for investors.
Apple Watch Sees Strong Growth in North America
The major bright spot in Apple’s (AAPL) recent earnings was the growth in its “Wearables, Home and Accessories” division—but don’t overlook Apple Watch.
Fitbit Stock Is Still Risky at All-Time Lows
Fitbit stock has fallen more than 25.0% in August. The stock is trading at $3.10 per share, which is 56.0% below its 52-week high of $6.96.
New Apple Watch Features to Focus on Digital Health
Apple (AAPL) has partnered with Eli Lily (LLY) to research whether the iPhone and Apple Watch can identify Alzheimer’s and dementia among users.
Apple Watch Dominates Smartwatch Segment Again
Apple Watch dominated the smartwatch market. The company had the top position with a share of 46.0% in the second quarter.
Fitbit Stock Tanks 20.0% in Early Market Trading
Fitbit (FIT) stock was down close to 20.0% in early market trading. It’s now trading at $3.38, and it reached an all-time low of $3.27 today.
Fitbit Is Taking Steps towards Revival
Fitbit (FIT) announced its first-quarter 2019 results on Wednesday, May 1.
What Wall Street Expects for GoPro in Q1 2019
Consumer technology company GoPro (GPRO) is set to announce its first-quarter earnings results on May 2.
What Will Boost Fitbit’s Sales and Profitability?
According to market research company IDC, Fitbit was the slowest-growing major wearables company in 2018.
Fitbit Continues to Lose Share in the Global Wearables Market
Fitbit’s device sales rose 3% YoY (year-over-year) in the fourth quarter of 2018, far below the 31.4% growth in wearable devices overall.
Fitness Trackers Are Likely to Hit Fitbit’s Sales in 2019
Though Fitbit’s smartwatch sales rose 437% in 2018, the company posted negative overall revenue growth.
A Look at Fitbit’s Estimated Revenue and Earnings Growth in 2019
The entry of Apple, Xiaomi, Huawei, and Samsung into the wearables space has drastically reduced Fitbit’s market share.
Fitbit Stock Has Been Volatile This Year
Shares of consumer tech company Fitbit are up over 11% so far in 2019. From the start of this year to February 27, 2019, the stock rose 28%.
The US Smartwatch Adoption Rate Continues to Increase
The wearables space has seen seeing lackluster growth for the last couple of years. However, one segment that’s been doing well is smartwatches.
Apple May Be Looking to Subsidize Its Apple Watch
Apple’s (AAPL) new ECG (electrocardiogram) feature on its latest smartwatch has already seemed to have saved many lives.
Apple Overtakes Fitbit in the Global Wearable Market
According to the IDC, global shipments of wearable devices in the third quarter rose 21.7% year-over-year to 32 million units.
Fitbit Loses Market Share in the Global Wearables Market
Fitbit’s (FIT) shipments in Q2 fell 21.7% year-over-year. Its shipments declined compared to the overall 5.5% growth in the wearables market.
A Look at Fitbit’s Strategic Priorities
In this series, we’ve discussed how Fitbit (FIT) is grappling with declining sales driven by competition from peers such as Apple, Xiaomi, Garmin (GRMN), and Fossil (FOSL).
Fitbit: Trading at a Discount or a Premium to Analyst Estimates?
Fitbit (FIT) has returned -11% in the last 12 months, -3.2% in the last month, and -4.3% in the last five days.
Fitbit Rapidly Losing Market Share in the Wearables Market
At the end of 4Q17, Fitbit (FIT) slipped to second position in the worldwide wearables market.
Fitbit’s Versa Compared to Apple Watch
Versa sells for $199, while Apple Watch 3 (only GPS) sells for $329 and Apple Watch 3 (GPS + cellular) sells for $399.
Fitbit and GoPro Continued to Slide Last Week
Shares of consumer technology company GoPro (GPRO) fell 17.3% in the week ended March 23, 2018.
Mastercard Targets Middle East and Africa with This Move
On March 6, 2018, Mastercard (MA) announced the acquisition of Oltio in order to streamline its payment processes in the Middle East and Africa.
Mastercard Partners with Dream Payments
On February 27, 2018, Mastercard (MA) announced a partnership with Dream Payments to facilitate payments to insurance customers.
Mastercard Partners with M-Kopa Solar
On February 26, 2018, Mastercard (MA) announced that it has entered a partnership with M-Kopa, a solar energy company.
Inside the Apple-Immersion Dispute and Settlement
After nearly two years of fighting each other over patents related to touch feedback technology, or haptics, Apple (AAPL) and Immersion (IMMR) recently reached a deal.
Why Is the Healthcare Market Important for Fitbit?
Fitness and health trackers fast gaining traction According to Fitbit (FIT), connected health and fitness trackers are now rising in popularity in the wearable device market. This popularity may have impacted sales of the Ionic smartwatch, which launched in September 2017. As shown in the above table, IDC Research expects the worldwide wearables market to […]
The Deeper Meaning behind Fitbit’s 3Q17 Scorecard
In 3Q17, 62.1% of Fitbit total revenues came from the US, compared with 56.4% of total revenues from the US in 2Q17.
What Impacted Fitbit’s Profit Margins in 3Q17?
Fitbit’s (FIT) gross margins in 3Q17 rose 220 basis points QoQ (quarter-over-quarter) and fell 290 basis points YoY (year-over-year) to 45.2%.
Why Fitbit Is Focusing on Health and Fitness
Fitbit has estimated that the predominant health conditions will contribute to ~$800 billion in healthcare spending in the US.
Facebook Signs Up for Visa’s Token Service
Facebook (FB) has signed up for Visa (V) Token Service, signaling its growing interest in the digital payments business.
Gauging the Potential Success of Fitbit’s Premium Subscription Model
Fitbit (FIT) has also launched a premium smartwatch service for customers wherein users can pay $8 per month or $40 per year.
Why Fitbit Is Eying the Healthcare Space
Fitbit (FIT) has recently partnered with Dexcom in the healthcare space. Dexcom manufactures CGMs (constant glucose monitors).
How Fitbit Could Feel the Recent Decline in Wearable Market Growth Rate
Fitbit (FIT) has attributed its massive decline in device sales to saturation in developed markets such as the United States and Australia.
Will Fitbit’s Latest Smartwatch Drive Revenues?
On September 13, 2017, Fitbit (FIT) launched its latest smartwatch, the Ionic, which includes heart-rate monitoring, personal coaching, and a built-in GPS.
Why Apple Could Continue to Dominate the Smartwatch Industry
Apple (AAPL), Samsung (SSNLF), Garmin (GRMN), and Fitbit (FIT) are all launching Smartwatches in the next couple of months, with the third version of Apple Watch likely to be unveiled next week.
Why Fitbit’s Foray into Smartwatches Could Be Critical
In a bid to revive market share, Fitbit unveiled its smartwatch, Ionic, on August 28, which could hit the stores in October.
A Look at Fitbit’s Research and Development Spending
We’ve seen that Fitbit’s (FIT) revenue fell significantly by 40% YoY (year-over-year) in 2Q17. Fitbit’s research and development (R&D) spending, however, rose 1% YoY in 2Q17 to $80.54 million.
Will the New Tax Reform in India Drive Apple’s Sales?
On July 1, 2017, India introduced a GST reform. This reform led to a fall in Apple’s (AAPL) iPhone, MacBook, and iPad prices across the country.
A Debt Analysis of Apple
Apple’s (AAPL) balance sheet reflects short-term debt and long-term debt of $13.9 billion and $84.5 billion, respectively, putting its total debt at $98.5 billion.
A Look at Apple’s Hurdles in the Smartwatch Business
The world is waiting for the third generation of the Apple Watch, which some speculate could arrive this fall.
Apple Watch 3 to Launch against a Complicated Backdrop
According to Strategy Analytics, Apple sold 3.5 million Apple Watches in fiscal 2Q17, making it the top vendor of wearable devices.
A Look at Hewlett-Packard’s Fundamental Analysis
Hewlett Packard Enterprise (HPE) reported earnings per share of $1.47 and revenues of ~$35.8 billion in 2016.
The Importance of Research and Development for Fitbit
Fitbit’s R&D (research and development) expenditures rose 21.0% to $87.8 million in 1Q17 and accounted for 14.2% of revenue.
Can Apple Increase Its Share in the Wearables Segment?
Apple hit its all-time highest sales in the wearables market in 4Q16.
Here’s What Analysts Expect from Fitbit in 1Q17
Fitbit (FIT) will be announcing its 1Q17 results on May 3, 2017. If it meets analysts’ revenue estimate of $280.4 million, it will be a YoY fall of 44.5%.