Tag Archives: aapl

GoPro investors spooked by low-cost China rival

B est known for copying Apple’s (AAPL) iPhone, China’s Xiaomi is now aping GoPro’s action cameras. And as with its smartphones, Xiaomi is positioning its sports camera as a technologically comparable, low-cost alternative to the market leader. Xiaomi (roughly pronounced “show me”) introduced its Yi Action Camera for $64 in China. GoPro ‘s (GPRO) entry-level Hero camera retails for $130. The Yi camera has a boxy design and can shoot in high-definition and ultra HD video like the Hero. Also like GoPro’s camera, it uses a video processor from Ambarella (AMBA). The Yi camera is available only in China, but GoPro has high hopes for that market. The camera is being sold through Xiaomi’s Mi.com store, but is made by partner company Xiaoyi, TechCrunch

Apple could quadruple its total addressable market by 2020

Apple (AAPL) could quadruple its total addressable market over the next five years as it expands into new markets, Morgan Stanley analyst Katy Huberty said in a bullish research report Monday. Huberty reiterated her outperform rating on Apple (AAPL)stock and raised her price target to 160 from 133. She said Apple needs to be evaluated as a “platform company,” rather than a tech hardware firm. Other tech platform companies include Google (GOOGL) and Facebook (FB), she said. Microsoft (MSFT) and Oracle (ORCL) also fit that bill, she points out.

Mobile Wallets Race: Samsung Pay Debuts; PayPal Deals

Samsung took the wraps off its new mobile payment system at Mobile World Congress in Barcelona, while eBay’s (EBAY) PayPal said it would acquire startup Paydiant, whose digital wallet technology is being used by major retailers. PayPal, which eBay plans to spin off, will reportedly pay about $280 million for Wellesley, Mass.-based Paydiant. Mobile payments is a crowded space, with Apple (AAPL), PayPal and Google (GOOGL) among those aiming to win.