Apple executives presented their case on why the Apple Watch is a must-own vs. nice-to-have product before the court of public opinion Monday. But the jury is still out on whether the smartwatch, with models ranging from $349 to more than $10,000, will be a big seller. Apple (AAPL) CEO Tim Cook described the wearable device as a customizable timepiece, a revolutionary way to connect with others, and a groundbreaking health and
After years of speculation, Apple will join the Dow Jones industrial average. But that could be a bad sign for the iPhone titan. Apple (AAPL) will replace AT&T (T) after the market close March 18. But Dow’s selection committee has a history of picking technology companies at their peak or past their prime. “Joining Dow takes the shine off the Apple and makes it a rotten Apple,” wrote Global Equities Research analyst Trip Chowdhry in
Ambarella’s Q4 revenue and earnings soared late Tuesday as it capitalized on growing demand for chips that enable drones, wearables as well as security and automotive cameras to take high-definition video. The Santa Clara, Calif.-based company, which provides video processor chips to camera makers such as GoPro (GPRO), reported a 161.5% increase in earnings per share excluding items to 68 cents, beating analysts’ expectations