Apple (AAPL) on Tuesday unveiled a smartwatch that it hopes will redefine the wearable device category and give the company a lucrative new product line to boost sales and profits as the smartphone market matures. The Apple Watch is the company’s first new product category since it launched the iPad tablet more than four years ago under legendary co-founder and CEO Steve Jobs. At a media event in Cupertino, Calif., Apple also
Twitter stock hit its best level in nearly six months Monday after the messaging service said that it was moving into e-commerce by installing a “buy” button to let users make purchases directly from certain Tweets. “This is an early step in our building functionality into Twitter (TWTR) to make shopping from mobile devices convenient and easy, hopefully even fun,” the company said in a blog post on Mondayabout the new service,
Mobileye, a maker of camera-based driver-assistance systems, edged Wall Street’s second-quarter targets on Thursday and laid out a road map for rapid growth in its first quarterly report as a public company. The Jerusalem-based company earned 5 cents a share excluding items in Q2 vs. 3 cents a share in the year-earlier quarter, topping Wall Street’s expectations by a penny. Revenue rose 91% to $33.7 million, edging analyst views