It feels like we've always had Apple Watches, but even on the ninth anniversary of its announcement, it's also still a product that feels new. Yet as well as all these years it's been on sale, you can trace rumors of Apple's work on it back at least another five to around 2010.
Investment bank Needham is raising its AAPL price target to $450 on the strength of Apple's Services and Wearables sectors and its commitment to privacy.
With a current valuation of $1.4 trillion and climbing, analyst Amit Daryanani thinks the world's most valuable company could be the first to hit $2 trillion.
While Apple is not offering earnings guidance for its third fiscal quarter of 2020, company CFO Luca Maestri said he expects revenues from iPhone, wearables and certain services to suffer a sequential decline in the coming June quarter.
During its quarterly conference call, Apple CFO Luca Maestri shared that the iPhone maker's wearables division continues to see strong growth and is now the size of a Fortune 140 company.
While the coronavirus has affected Apple's earnings, its overall second quarter results are better than predicted because of the company's increasing reliance on wearables and services.
Across AirPods, AirPods Pro, and the Apple Watch, Apple's share of the wearables market has soared over 80% according to new data about the fourth quarter of 2019.
The idea Apple was failing to establish itself in India — and outsold by Samsung and Chinese brands — has been overturned by new research showing that iPhone ate up over 75% of all premium smartphone sales in the subcontinent in the fourth quarter, while also posting strong iPad, Apple Watch, and AirPod sales. Along with "double-digit" growth, Apple is also expanding its production in the subcontinent for audiences globally.
During Apple's first quarter earnings call on Tuesday, Apple CEO Tim Cook touted a new all-time revenue record set by its wearable business driven by strong demand for Apple Watch and AirPods.
Google is acquiring American wearable maker Fitbit in a $2.1 billion dollar move that looks a lot like the ad-search giant's previous attempts to buy its way into a hardware business.
Apple is continuing to dominate the North America wearables market, with analysts revealing the Apple Watch is helping boost Apple's shipments in the last quarter by 32% over the same period last year, helping it to maintain its lead over rivals Fitbit and Samsung.
Apple's continuing performance as a market-responsive, commercially savvy innovator is destroying feebleminded media narratives that seek to portray the company as helpless and befuddled. It also demonstrates that the real incompetence lies in bad reporting by sloppy journalists seeking to deliver titillating headlines rather than accurate, factual portrayals of the industry.
Sony is crowdfunding a project called the Reon Pocket, a wearable AC/heater unit compatible with both iPhones and Android devices.
A decade ago, Google's Android platform targeted the stars: first swaggering into Apple's iPhone market, then aggressively following iPad into tablets, and more recently jumping into wearables well before Apple Watch was even announced. What has stopped Android from succeeding anywhere apart from replacing Symbian, Windows Mobile, or Java on lower-end phones?
The Apple Watch has become so popular as a wearable that it could account for 27.5 percent of all smartwatches of any kind in 2023, research firm IDC argued on Monday.
Apple is continuing to lead the rest of the wearables market, according to data from IDC, with sales of the Apple Watch, AirPods, and Beats headphones helping the iPhone maker maintain its position in a market that grew 31.4 percent in the fourth quarter of 2018.
Google's attempts to take on the Apple Watch in the wearable devices market with Wear OS may receive a boost, after the revelation the search giant will be paying watch maker Fossil $40 million to buy the company's smartwatch-related intellectual property.
Withings is expanding its range of health-related devices by introducing the BPM Core cardiovascular monitor, while its wearable fitness tracking range grows with the introduction of the Move collection, including one that is the first analog watch that has on-demand electrocardiogram capabilities.
Withings has returned to the wearable device market with its first new product since being sold by Nokia, launching the Steel HR Sport, a revival of an earlier smartwatch that discretely hides its fitness-related features behind an analog watch face.
Apple has jumped past Xiaomi to claim the top spot in wearables worldwide, and is on the cusp of a product refresh in the Apple Watch "Series 4" that should grow the lead even more.
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William Gallagher
Mike Peterson
AppleInsider Staff
Andrew O'Hara
Daniel Eran Dilger
Malcolm Owen
Roger Fingas
Stephen Silver
