wearable technology

Wearable devices have clocked a 30% year-over-year sales growth globally in 2020, CNBC reports. Though the pandemic has severely dampened the global economy and consumer spending patterns, the demand for wearables is rising, signaling a change in consumer behavior. Wearables have evolved from a...

Investors and consumers hear plenty about the wearable technology phenomenon. An easy way to tap the growth in wearable technology, and that growth is expected to be significant, is with the WEAR ETF (BATS: WEAR), which debuted in December. WEAR tracks the Wearables Index, a benchmark developed by...

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...

One of the first smartwatches on record was the 1927 "Plus Four Wristlet Route Indicator." According to Cnet, the device was a scroll-map navigator worn like a typical watch and came with interchangeable instructions that could be scrolled manually to direct drivers on their route. The watch was...

Shares of Weight Watchers International, Inc. (NYSE: WTW) have lost nearly 5 percent since the start of 2015 despite surging more than 250 percent over the past three months. The Vetr crowd upgraded Weight Watchers' rating to 2.5-stars out of a possible five stars. Despite an upgrade...

Shares of Garmin Ltd. (NASDAQ: GRMN) plunged to new 52-week lows of $31.86 on Thursday and are now lower by nearly 40 percent year-to-date. Jeremy David of Citi maintained a Sell rating with a $30 price target on Garmin after the company pre-announced disappointing third-quarter results on...

Shares of GoPro Inc (NASDAQ: GPRO) have lost around 65 percent from a year ago while shares of Fitbit Inc (NYSE: FIT) are higher by around 25 percent since its IPO. Rob Cihra of Sterne Agee CRT commented in a note that GoPro faces a "rather weak" fourth quarter while Fitbit "...

New York Fashion Week (NYFW) will continue until September 17. Apple Inc. (NASDAQ: AAPL)'s TV service has signed an exclusive agreement with NYFW's parent company for never seen before content. Companies such as Coach Inc (NYSE: COH) will showcase new fashion lines. The New York Fashion Week...

In a report published Monday, Piper Jaffray analyst Erinn Murphy explored the Wearable Technology space, noting that it will be the next "mega trend." Wearable technology involves the use of a device that is worn on a person and connects to a network (through wireless technology such...

A new report by CLSAU focused on the booming world of wearable connected devices. The nascent market for wearable devices has been rapidly expanding in recent years as movement-tracking devices and health-focused devices continue to gain mainstream acceptance in the general public. Data...

The rising popularity of bio-monitoring devices and wearable technology has spawned an entirely new industry aimed at helping people keep tabs on their four-legged-friends. What began with strapping a GoPro Inc (NASDAQ: GPRO) camera to a dog as it chased a Frisbee or setting up hidden cameras...