Apple Is Dominating the Watch Game -- Here's Why That's Good News for Investors [TheStreet.com]
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Source: TheStreet.com
Apple Is Dominating the Watch Game -- Here's Why That's Good News for Investors In the burgeoning smartwatch market, Apple ( AAPL Get Report That's according to Strategy Analytics research, which found that the Apple Watch commandeered 46% of the smartwatch market in the second quarter, followed by Samsung at a distant second (16%) and Fitbit ( FIT "Apple is the runaway smartwatch market leader because it currently offers the most user-friendly devices, the broadest store of apps, the deepest retail channels for wearables, and an affluent customer base that is keen to accessorize their iPhones with new gadgets," said Neil Mawston of Strategy Analytics. The analyst projects that Apple will sell billions of dollars of watches this year. Apple shares were little changed in Monday trading and are up 27% this year. Fitbit stock, by contrast, on Aug. 1 dropped 20% after posting weak sales and slashing revenue guidance. Enthusiasm around Apple's wearables business was apparent in Apple's rec
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