Apple's Smartwatch Domination Is Good News for Investors [TheStreet.com]
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Source: TheStreet.com
Apple's Smartwatch Domination Is Good News for Investors The Apple ( AAPL Get Report Apple controls almost half of the smartwatch market according to Strategy Analytics - with Samsung and Fitbit at a distant 2nd and 3rd. And the market is growing at a fast clip overall, at 44% growth in sales year over year as of the second quarter. Apple research site Above Avalon This is all good news for investors -- and why is that? As more Apple Watches get sold, their average selling price is creeping up as well -- the Series 4 starts at $399 and up, as opposed to $349 and up for the Series 1 back in 2015. And wearables also have a better margin profile than the rest of Apple's hardware business. Apple is a holding in 's Action PLUS Charitable Trust Portfolio . Want to be alerted before Cramer buys or sells these stocks? Learn more now Premium Pick: Reverse and Surge on China News Ask the Expert: The Scariest Thing All Investors Have to Face Ready to Retire: The Biggest Threat to Your ? Check
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