Is Fitbit Is Facing Tough Competition From Apple And Xiaomi?

Discussion in 'Investment Charts' started by ILoveTech, 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
     
  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]
     
  3. gowiththeflow

    gowiththeflow Senior Investor

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    Chart breakout on the way? Looks critical to me.

    $5.66 @ 24 August 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?
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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    Surely this would be a tasty morsel for a larger fitness/tech company?
     
  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
     
  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 :)
     
  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.
     
  9. gowiththeflow

    gowiththeflow Senior Investor

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  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?
     

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