The Mac Pro desktop was produced at Apple’s Texas plant. Now, the Mac Pro desktop is at the center of a bitter standoff between President Trump and Apple.
Cisco Systems (CSCO) stock increased 3.92% in after-hours trading on February 13 after the tech giant reported upbeat results in the second quarter of fiscal 2019.
Several American companies have been considering moving their manufacturing hubs away from China as a result of the escalating trade war between the two countries.
GoPro (GPRO) has had a rough year so far. Its stock has fallen 40% in 2018. Last month, GoPro stock fell steeply by 24% on the day of its third-quarter earnings.
Fossil (FOSL) stock has returned 204% in the last 12 months, 50% in the last month, and 2.4% in the last five days. Since the start of 2018, Fossil stock has risen significantly, by 276%.
Companies such as GoPro increase their revenue year-over-year by getting existing users to upgrade their devices frequently and by attracting new users.
Historical stock returns Fitbit (FIT) has returned -24% in the trailing 12 months, -8% in the last month, and -10.7% in the trailing five days. The stock fell 75% in 2016 and 22% in 2017, and it’s fallen 15% since the start of 2018. Peers Garmin (GRMN), GoPro (GPRO), and Fossil (FOSL) have returned 16%, -40%, and […]
Gross margin was 44.2% in 4Q17 Fitbit (FIT) needs to improve its profit margins and drive operational efficiency to offset declining device sales. Fitbit reduced its inventory by 46% YoY (year-over-year) in 4Q17 to $123.9 million, compared with $230.4 million in 4Q16. As shown in the above table, Fitbit has considerably reduced inventory in each of […]
GoPro (GPRO) stock fell more than 10.0% in the week ended January 26, 2018, to close at $5.65. In the trailing 12 months, GPRO has fallen more than 43.0%.
GoPro will be banking on sales of its 360-degree camera, known as the Fusion, which has been available for purchase in North America, the United Kingdom, and Europe since November 2017.
One of GoPro’s (GPRO) priorities is to make smartphones integral to the GoPro experience. The company has estimated a high correlation between the adoption of smartphones and the growth of GoPro products.
Samsung launches HMD Odyssey for Windows According to Zion Market Research, global sales of VR (virtual reality) systems—hardware and software—will reach $26.9 billion by 2022, up from a little over $2.0 billion in 2016. Samsung (SSNLF) is expanding its portfolio of VR devices to capitalize on this massive revenue opportunity. At Microsoft’s (MSFT) Windows Mixed […]
Gross margins narrow In 2Q17, GoPro’s (GPRO) gross margin narrowed to 36% from 42% in 2Q16. However, GoPro’s operating expenses fell 36% YoY (year-over-year) to $116.5 million, to offset the gross margin contraction. GoPro will need to reduce costs faster than its gross margin contracts to achieve profitability. Last December, GoPro announced the reduction of […]
Karma drone GoPro’s (GPRO) management has stated that one of the company’s top priorities is to expand the “GoPro experience” for advanced users. GoPro claims to have fixed the issues plaguing the Karma drone, which resulted in a mass recall of the product. According to The NPD Group, Karma was the number-two-selling drone brand (on a […]
GoPro mobile app gains traction During GoPro’s (GPRO) 2Q17 earnings call, chief operating officer Charles Prober stated that one of the company’s priorities is making Smartphones central to the GoPro experience. To align Smartphones with its products, GoPro needs to focus on product development and creating intuitive designs. The company’s HERO5 Black and Karma have […]
Fall in average selling price Between 2Q16 and 2Q17, GoPro’s (GPRO) average selling price (or ASP), fell 4% YoY (year-over-year) to $279.50 from $290.90, driven by higher unit shipments of its HERO Session cameras, lower accessory revenue, and its product mix. GoPro expects its fiscal 2017 ASP to be higher than that of fiscal 2016. […]
GoPro sells products in 45,000 locations GoPro (GPRO) sells products in over 100 countries and 45,000 locations. While the company tries to ensure product availability to consumers, its vast retail network means that it constantly deals with supply chain challenges. Two years ago, GoPro’s inventory levels were very high, as it had overestimated demand for […]
GoPro’s earnings and revenue beat estimates Camera maker GoPro (GPRO) released its fiscal 2Q17 results on Thursday, August 3. GoPro shares have surged by 12% after beating earnings and revenue estimates. The company’s EPS (earnings per share) for fiscal 2Q17 came in at -$0.09, compared with the Wall Street estimate of -$0.25. Meanwhile, the company […]
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.
Nokia’s current book value per share of ~$3.6 compares with its expected book value per share of ~$3.6. Nokia stock is trading at a price-to-book value of ~1.6x.
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.
Apple has a current book value per share of ~$25.7, compared to its expected book value per share of ~$26.5. Apple shares are trading at a price-to-book value of ~5.6x.
Revenue of $270 million expected in 2Q17 In 2Q17, GoPro (GPRO) expects revenue between $260 million and $280 million. The company expects the HERO5 Black camera to be its top-selling product. The Karma drone is also expected to account for a large percentage of GoPro’s 2Q17 revenue. GoPro expects a gross margin of approximately 33.5%, […]
Need to reduce costs In 1Q17, US-based (SPY), consumer tech (QQQ) company GoPro (GPRO) reduced its channel inventory by 13% QoQ (quarter-over-quarter). GoPro expects this trend to continue, as it has reduced the price of the HERO Session by $50 to $149. GoPro has several initiatives to cut costs and improve efficiency. It has built […]
Growth in international business One of GoPro’s (GPRO) key priorities is to grow its international business over the next few quarters. In 1Q17, GoPro generated over 60% of revenue from international markets. GoPro opened its first international sales office in Europe in 2014. Japan and China drive international revenue in 1Q17 GoPro’s revenue from Japan […]
Expanding product line GoPro (GPRO) aims to expand its product line to attract advanced users. GoPro is developing solutions for its advanced customers while looking to acquire new users as well. Last year, the company announced its Karma drone, “an aerial, handheld and wearable stabilization system.” According to GoPro’s research, the drone market in the […]
Social media metrics GoPro (GPRO) has gained several followers on social media platforms over the last few years. It has a large and growing base of followers on YouTube (GOOG) (GOOGL), Instagram, and Facebook (FB). GoPro aims to keep users socially engaged and has been largely successful in doing so. GoPro’s YouTube subscribers grew from […]
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.
Snap went public at a valuation of $24.0 billion after it priced its stock at $17. For those who got into the stock early, their bank accounts have swelled significantly.
