Is Fitbit Is Facing Tough Competition From Apple And Xiaomi?

Discussion in 'Investment Charts' started by ILoveTech, Aug 22, 2017.

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    Aug 22, 2017
  1. ILoveTech

    ILoveTech New Member

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    Wearables on race - After the global launch of Alta HR in March-end, the wearable king Fitbit's unit shipments plunged 40% year-over-year to 3.4 million in Q2 2017.

    Wearables market share chart: http://alphastreet.com/b07b3886
     
    ILoveTech, Aug 22, 2017
    ILoveTech, Aug 22, 2017
    #1
    2. Aug 23, 2017
  2. longtermbull

    longtermbull Administrator Staff Member

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    You could be right, share price graph isnt shouting buy to me - looks like they are in a very narrow range at the moment:-

    [​IMG]
     
    longtermbull, Aug 23, 2017
    longtermbull, Aug 23, 2017
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    3. Aug 24, 2017
  3. gowiththeflow

    gowiththeflow Senior Investor

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    Chart breakout on the way? Looks critical to me.

    $5.66 @ 24 August 2017
     
    gowiththeflow, Aug 24, 2017
    gowiththeflow, Aug 24, 2017
    #3
    4. Aug 25, 2017
  4. longtermbull

    longtermbull Administrator Staff Member

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    If it breaks above $5.70 then next resistance is $6.25. Interesting graph for a company apparently under so much pressure?
     
    longtermbull, Aug 25, 2017
    longtermbull, Aug 25, 2017
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    5. Aug 26, 2017
  5. gowiththeflow

    gowiththeflow Senior Investor

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    Surely this would be a tasty morsel for a larger fitness/tech company?
     
    gowiththeflow, Aug 26, 2017
    gowiththeflow, Aug 26, 2017
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    6. Aug 29, 2017
  6. longtermbull

    longtermbull Administrator Staff Member

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    This must be a positive development for FitBit:-

    The FitBit Ionic differs from the firm's existing Blaze watch in that third-party developers will be able to release apps and watchface designs that can be installed on the device.

    It also introduces a sensor that can detect blood oxygen levels.......

    http://www.bbc.co.uk/news/technology-41082953

    Shares responding $5.99 @ 29 August 2017
     
    longtermbull, Aug 29, 2017
    longtermbull, Aug 29, 2017
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    7. Sep 2, 2017
  7. longtermbull

    longtermbull Administrator Staff Member

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    I still think this one is ready to go - and yes I do think it would benefit from being part of a larger group with more money to invest in new products and services. Making a personal connection with customers is the hardest part, now begins the sales process :)
     
    longtermbull, Sep 2, 2017
    longtermbull, Sep 2, 2017
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    8. May 21, 2018
  8. longtermbull

    longtermbull Administrator Staff Member

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    Is the graph showing early signs of a breakout? The trading range has narrowed and will likely move sharply higher or lower at some point. My gut feeling......a mover to higher ground.
     
    longtermbull, May 21, 2018
    longtermbull, May 21, 2018
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    9. Jun 7, 2018
  9. gowiththeflow

    gowiththeflow Senior Investor

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    gowiththeflow, Jun 7, 2018
    gowiththeflow, Jun 7, 2018
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    10. Jun 8, 2018
  10. Buyonthedips

    Buyonthedips Senior Investor

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    I think a lot of the bigger players took their eye off the ball and FitBit has come alive again - would this be a tasty acquisition for Apple?
     
    Buyonthedips, Jun 8, 2018
    Buyonthedips, Jun 8, 2018
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