Tag Archives: apple

Fitbit CEO: M&A ‘Big Part’ Of 2016 Growth Strategy

LAS VEGAS — Fitbit (FIT) stock has lost over 20% of its value in the last three sessions as investors shunned the introduction of the wearable maker’s newest product, Blaze. IBD had a chance at CES to speak one-on-one with Fitbit CEO James Park about the company’s outlook. Park says there’s a disconnect between investors and retailers, who are “excited” about Blaze. But with the new smart fitness watch looking very similar to the Apple (AAPL)

Facebook Prices Oculus Rift at $599, Users Seem Undeterred

Facebook Inc.FB started taking pre orders for the Oculus VR headset yesterday at a whopping $599. Though a hefty price tag by all means, it has failed to deter enthusiastic buyers who thronged to the online store in large

Apple Chips Implode; Qorvo, Cirrus Logic Lower Views

Apple (AAPL) and its chip suppliers were walloped after the close Thursday, as Qorvo (QRVO) and Cirrus Logic (CRUS) updated their Q3 sales views, guiding far below Wall Street forecasts due to holiday season mobile weakness. In after-hours trading, Qorvo and Cirrus Logic stocks were down 10% and 5%, respectively. Shares of Skyworks Solutions (SWKS) and Avago Technologies (AVGO) were down about 4%, with NXP Semiconductors (NXPI) stock down 2.5%.