Wearable technology is quickly evolving into the next big consumer electronics market. Companies like Samsung, LG, Sony (SNE), Apple (AAPL), and Motorola (MSI) are racing to get their newest smart watches to the market, especially as the holiday season approaches. Samsung alone has released nearly 10 smart watch variants over the past year, and although the market is far from saturated, it is highly competitive.
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Recording GoPro's Success
Not even four months removed from its June 26th IPO, ultra-portable video camera maker GoPro (GPRO) has seen its stock price gain over 300% from its initial offering price, peaking at over $98. Since its IPO, GoPro’s stock has been one of the top performing securities in the market, and was up an astounding 80.89% in September alone (one of the most volatile months on record).
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Will Minecraft Save Microsoft?
Activision Blizzard Set To Soar
In what has so far been a fairly unexciting year for tech stocks, Activision Blizzard Inc. (ATVI), the largest American video game company, is wowing investors. Activision Blizzard is best known for its multiple franchises, including “Call of Duty” and “World of Warcraft,” as well as the popular “Skylanders” figurine-to-console collection.
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Apple Beats Down Critics
Last Wednesday, May 28, 2014, Apple (AAPL) announced its $3 billion acquisition of Beats Music. The deal was finalized after three weeks of intense media coverage, and after the negotiations were leaked to the press. Previously, I endorsed Apple’s decision to purchase Beats for several reasons, including its brand recognition value, headphone market share, and popular music streaming service.
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Is The Game Stopping?
According to the Entertainment Software Association (ESA), “no other sector [in the United States Economy] has experienced the same explosive growth as the computer and video game industry.” In their demographic study of the video game industry, the ESA reports 58% of Americans play video games and 51% of American households own a game console (many of which own more than one).
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