wearables

Fossil Group Inc (NASDAQ: FOSL) impressed investors with its fourth quarter earnings report, which sent shares soaring by more than 100 percent in Tuesday's after-hours session. Is the move justified? At least one Wall Street analyst thinks so. The Analyst KeyBanc Capital Markets' Edward...

Apple Inc. (NASDAQ: AAPL)’s taking swings at nearly everyone else with its latest product launches, so why should Fitbit Inc (NYSE: FIT) escape unscathed? “We view the Apple Smartwatch as the most relevant direct competitor to Fitbit’s Ionic Smartwatch launching ahead of the...

To celebrate the launch of Fitbit Inc (NYSE: FIT)'s first ever smartwatch (as opposed to a fitness tracker), the company is partnering with the streaming music provider Pandora Media Inc (NYSE: P). As part of the new agreement, Pandora will serve as the exclusive music streaming provider for Fitbit...

Technological innovations today transcend the wildest of all imagination. Breakthrough products such as smartphones engendered by science and technology have now become sine qua non for all demographics, so much so that people look lost and forlorn when separated from them even for the smallest of...

Garmin Ltd (NASDAQ: GRMN) shares traded higher Wednesday after delivering a Q2 beat and raise that saw another quarter of top line and bottom line growth. The auto-GPS and wearables maker also raised guidance, proving that even in the age of Apple Inc. (NASDAQ: AAPL)’s Apple Watch, Garmin can...

Shares of Fitbit Inc (NYSE: FIT) continue flirting with its all-time lows after the company pre-announced its fourth-quarter results in late January. After Wednesday's market close, Fitbit released its official results, and as expected, it consisted of a loss and revenue miss. Specifically, the...

Shares of Fitbit Inc (NYSE: FIT) hit a new all-time low of $5.62 on Thursday as the already heightened competitive landscape in the wearables market intensified even further. ZDNet reported that Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) and its jewelry subsidiary, the...

Analysts at Deutsche Bank downgraded shares of Fitbit Inc (NYSE: FIT) last week from Buy to Hold. The downgrade followed the latest data report from IDC, which showed that the wearable market expanded just 3 percent in the third quarter, representing a deceleration from 67 percent growth in the...

Fresh off an acquisition of certain assets of Pebble, analysts at Deutsche Bank downgraded shares of Fitbit Inc (NYSE: FIT) to Hold from Buy with a price target slashed to $9 from a previous $18. Deutsche Bank Commentary In a research report, Sherri Scribner highlighted data from IDC, which suggest...

Wearable device shipments jumped 26.1 percent to reach 22.5 million in the second quarter of the current year, according to IDC. The growth came amid Apple Inc (NASDAQ: AAPL)'s 56.7 percent year-over-year drop in unit shipments, while Fitbit Inc (NYSE: FIT) retains its lead with 28.7 percent year-...

Gene Munster of Piper Jaffray was a special guest on Benzinga's PreMarket Prep show on Wednesday to help dissect Apple Inc. (NASDAQ: AAPL)'s second-quarter results and outlook. Jumping right into it, Munster described Apple's guidance as "disappointing" due to what the analyst believes to be an...

The real value in wearable devices may be more about data collection than data interaction. Pacific Crest analyst Andy Hargreaves believes that data collection will become more commoditized, a transition that will benefit some companies and hurt others in the space. “In the case of...

Shares of Fitbit Inc (NYSE: FIT) hit a day's high of $14.52 after short-seller Andrew Left's positive comments on the company. "Tough to short here because wearables are for real with a big total addressable market. It is a compelling product," Citron Research's Andrew...

Apple Inc. (NASDAQ: AAPL) needs to innovate faster and explore new markets, as the smartphone sales are slowing and would be tough to return to its earlier levels of double-digit growth. A Kantar report, covered by Patently Apple, shows that mobile phone penetration in the US has reached 91...