Tag Archives: gpro

Fitbit surges as report shows fitness tracker market healthy

Despite the rise of smartwatches like the Apple Watch, fitness bands such as those from Fitbit (FIT) will continue to remain a big part of the wearable device market, market research firm Tractica said Monday. Fitness trackers from Fitbit, Garmin (GRMN), Jawbone and others make up the largest share of the wearables market today but will slip to second place behind smartwatches by the end of this year, Tractica said. Over the next several years, smartwatches will make up 45% of wearables, followed by 30% for fitness trackers. Wearable cameras, such as the GoPro (GPRO) Hero action camera, will come in third with 15% of shipments, followed by smart clothing and body sensors (6%), augmented reality glasses (2%) and other wearables (2%), Tractica said. “Despite the rise of smartwatches as the leading wearables category, the total market is much more diverse than smartwatches,” Tractica said in a press release…

Ambarella Stock Plummets On Short-Seller’s Report

Highflying chip stock Ambarella (AMBA) was winged by a negative report from short-seller Citron Research on Friday, falling hard for the second straight trading day on Monday. Ambarella, maker of video processing chips for GoPro (GPRO) and others, saw its shares plummet 19%, near 96, by early afternoon on the stock market today. On Friday, Ambarella stock tumbled nearly 6% to 119.35. In its report, Citron called Ambarella’s stock appreciation

GoPro faces flying camera competition, consumer ‘fatigue’

GoPro (GPRO) stock on Wednesday was buffeted by conflicting analyst reports about the prospects for the top maker of wearable cameras. GoPro stock fell as much as 6% on the stock market today after Citigroup analyst Jeremy David said demand for action cameras in the U.S. appears to be weakening. But GoPro stock recovered somewhat after Piper Jaffray analyst Erinn Murphy reiterated her overweight rating on the stock after a conversation with GoPro executives. GoPro stock was down 1% in afternoon trading, near 58. A Citi survey found that only 5% of U.S. consumers plan on purchasing an action camera in the next 12 months, down from 7% a year ago. “Awareness of GoPro and its content is increasing (and now stands at 72%), but exposure to content is less likely to drive a purchase, and fewer respondents are describing the content as being ‘appealing,’ ” David…