Apple Inc.’s (NASDAQ:AAPL) iWatch Sees Drop In Market Share Despite Wearables Market Growth

Apple Inc. (NASDAQ:AAPL) [Trend Analysis] knocking active thrust in leading trading session, shares an advance of 0.77% to 109.95 with around 26.11 Million shares have changed hands in this session. Apple watch sees drop in market share despite wearables market growth: IDC . While the overall wearables market grew 3.1 percent year-over-year in the third quarter of 2016, Apple Watch share took a downturn owing to an ageing lineup and an unintuitive user interface, market research firm International Data Corporation (IDC) has said.Apple’s decision to launch its second-generation watches in mid-September, towards the end of the quarter, did contribute to its year-over-year decline in the third quarter and the company stood fourth with 4.9 percent share.According to IDC’s ‘Worldwide Quarterly Wearable Device Tracker’ report, total wearables shipments reached 23 million in the third quarter. The stock is going forward its fifty-two week low with 24.19% and lagging behind from its 52-week high price with -6.89%.

Similar, the positive performance for the quarter recorded as 1.99% and for the year was -4.97%, while the YTD performance remained at 6.78%. AAPL has Average True Range for 14 days of 1.87.

Shares of Barrick Gold Corporation (NYSE:ABX) [Trend Analysis] swings enthusiastically in regular trading session, it a decrease of -1.40% to close at $15.49. Barrick Gold Corporation (NYSE:ABX) released that it has appointed Pablo Marcet to the Company’s Board of Directors.

Born in Argentina, Mr. Marcet is a seasoned mining professional with nearly 30 years of experience in the exploration, development, and operation of mines across Latin America. His appointment reflects the increasingly important role this region will play in Barrick’s long-term growth strategy. Many of Barrick’s most important projects are located in Argentina and Chile, including Pascua-Lama, Alturas, and Cerro Casale, along with the highly prospective El Indio belt, where we are actively exploring for new discoveries in a district already home to multiple world-class gold deposits. Mr. Marcet’s deep operational and geopolitical experience in Latin America will be a vital asset as the Company evaluates new investments in the region. Moving forward to saw long-term intention, the experts calculate Return on Investment of -13.50%. The stock is going forward its fifty-two week low with 124.34% and lagging behind from its 52-week high price with -33.84%. ABX last month stock price volatility remained 4.83%.

 

About Devon Leftovich

Leave a Reply

Your email address will not be published. Required fields are marked *