Tag Archives: aapl

Avago Sees ‘Robust’ Wireless Chip Demand, Soars On Q3

Avago Technologies (AVGO) gapped up Thursday after the Apple (AAPL) chipmaker late Wednesday smashed Wall Street’s Q3 earnings forecast by a dime. At least two analysts, however, lowered their price targets on Avago stock, though they both maintained their buy ratings. For its fiscal Q3 ended June 30, the company reported record earnings per share ex items of $2.24, up 78% from the year-earlier quarter. The 23 analysts polled by Thomson Reuters

Apple, Xiaomi nipping at Fitbit’s heels in wearables

Two new entrants in the wearable device market are giving leader Fitbit (FIT) a run for its money: Apple (AAPL) and Xiaomi. Fitbit, a maker of fitness bands and activity trackers, was No. 1 in the wearables market in the second quarter, with 24.3% market share, research firm IDC said Thursday. It shipped 4.4 million units in Q2, up 159% year over year. Apple, which launched its Apple Watch smartwatch on April 24, grabbed the No. 2 spot among

Amazon Follows Netflix With Streaming Video In Japan

Amazon (AMZN) is taking its streaming video rivalry with Netflix (NFLX) to Japan, announcing late Wednesday that it will launch Prime Instant Video next month. Netflix had said earlier this month that it would launch in Japan on Sept. 2. Meanwhile, Amazon reportedly is scaling back its hardware efforts after its Fire smartphone last year failed to make a dent vs. the Apple (AAPL) iPhone and Google (GOOGL) Android devices. Amazon, which has