Category Archives: oud

Apple Watch Shipments Slowing Ahead Of Version 2

Apple Watch shipments will rise just 21% this year, despite having 12 months of sales to last year’s eight, market research firm IDC predicted Thursday. Apple ( AAPL ) launched its smartwatch on April 24 with limited availability in nine countries, including the U.S. IDC estimates that Apple shipped 11.6 million units of Apple Watch in 2015 and is likely to ship 14 million units in 2016. Apple Watch “is likely to see some slowdown in the early part of 2016 as anticipation builds for the second-generation device,” IDC said in a press release . “However, with newer hardware and an evolving ecosystem, Apple will remain the smartwatch leader” through 2020. Apple and its suppliers have not yet signaled when a second-generation Apple Watch will hit the market. Apple is expected to unveil new watch bands for the wearable at a spring product launch event on Monday. Apple Watch leads the nascent smartwatch market and is expected to claim 49.4% market share this year, IDC says. Alphabet ’s ( GOOGL ) Android Wear operating system is expected to be on 6.1 million smartwatches shipped this year, accounting for 21.4% of the market and good enough for second place, IDC says. IDC predicts that Apple Watch shipments will reach 31 million units in 2020, with a 5-year compound annual growth rate of 22%. Meanwhile, Android Wear smartwatches are seen growing to 28.8 million units in 2020, with a 5-year CAGR of 48%. RELATED:  Smartwatch Shipments Skyrocket In Q4, Passing Swiss Watches  

Attorneys Target SunEdison Yieldco TerraForm Power In Probes

Four law firms are investigating whether SunEdison ( SUNE ) yield company TerraForm Power ( TERP ) violated securities laws in conjunction with its annual report filing delays. Two say their probes concern the fraud and insider trading sections of the Securities and Exchange Act of 1934. TerraForm Power is facing a series of potential investor class action lawsuits and could be delisted from the Nasdaq if it doesn’t come into compliance. The SunEd yieldco has until May 16 to regain compliance or submit a plan to do so, though it could be granted an extension until  Sept. 12 . In midday trading Thursday, TerraForm Power stock was trading down more than 6%. SunEdison was down more than 3% on the  stock market today . Shares closed down 7.9% and flat, respectively, on Wednesday. Goldberg Law Firm said it is investigating whether TerraForm Power violated securities rules by issuing “misleading” information to investors and cites “claims of potential misrepresentations” by the company. Its investigation is focusing on Terraform’s Feb. 29 announcement that it would delay filing its form 10-K annual report with the SEC. Rosen Law Firm; the Pomerantz law firm; and Bronstein, Gewirtz & Grossman launched TerraForm Power investigations too. On Feb. 29, SunEdison said it needed more time to wrap an audit into its liquidity stance, stemming from allegations of financial misconduct by former executives. Early Wednesday, the firms again delayed their 10-Ks, but SunEd said it found no “material weaknesses” thus far. TerraForm Power blamed its parent company for the holdup, saying its accounting systems are tied to SunEd’s. On this news, TerraForm Power “fell sharply during intraday trading on March 16,” Rosen Law Firm said in a press release. “Rosen Law Firm is investigating a potential class action lawsuit to recover losses suffered by TerraForm Power investors,” the firm wrote.