Leaders of Apple, Hapbee, AI/ML and Garmin Excited About New Growth Opportunities in Booming Wearable Technologies Market

Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Apple Inc. (NASDAQ: AAPL), Hapbee Technologies (OTC: HAPBF) (TSX.V: HAPB), Garmin Ltd. (NASDAQ: GRMN) and AIML Innovations (CSE: AIML).

The wearable tech market is projected to grow from nearly $27 billion in 2019 to $64 billion by 2024, according to a recent report by GlobalData. The growing popularity of the Internet of Things (IoT), connected devices and growing mainstream consumer adoption is driving demand. Whether it's health monitoring by senior citizens, or activity tracking by millennial fitness enthusiasts, and "biohackers" - the wearable tech market is exploding. Wall Street Reporter highlights the latest comments from industry thought leaders:

Apple Inc. (NASDAQ: AAPL) CEO Tim Cook: "We're Excited About Road Ahead for Wearables"
"....Wearables, Home and Accessories grew by 30% year-over-year, driven by significant holiday demand for the latest Apple Watch, our entire AirPods lineup, including the new AirPods Max as well as the new HomePod mini. This broad strength across the category led to new revenue records for each of its three subgroups, and we're very excited about the road ahead for these products…

"..Look no further than the great potential of Fitness+, which pairs with Apple Watch to deliver real-time on-screen fitness data alongside world-class workouts by the world's best trainers. There are new sessions added each week, and customers are loving the flexibility, challenge and fun of these classes as well as how the pairing with Apple Watch pushes you to achieve your fitness goals. This deep integration of hardware, software and services, have always defined our approach here, and it has delivered an all-time quarterly Services record of $15.8 billion. This was the first quarter of the Apple One bundle, which brings together many of our great services into an easy subscription and with new content being added to these services every day, we feel very optimistic about where we are headed."

Apple Inc. (NASDAQ: AAPL) Earnings Highlights: https://bit.ly/3dHhcGi

Hapbee Technologies (OTC: HAPBF) CEO Scott Donnell: "Tech That Lets You Choose How you Feel = Multi-Billion Dollar Market Opportunity"
One of the most unique companies to present at Wall Street Reporter's NEXT SUPER STOCK livestream events in recent years, is Hapbee Technologies (OTC: HAPBF) (TSX.V: HAPB) which markets wearable tech that lets you choose "feelings on demand". The patented technology uses low-power electromagnetic signals designed to produce sensations such as Happy, Alert, Focus, Relax, Calm and Sleepy. HAPBF is now developing dozens more new "feelings" in the R&D pipeline which will be available on a subscription basis through its mobile app. Hapbee's breakthrough technology is rapidly being embraced by influencers in fitness/wellness, "biohackers", and high-performance executives who want to perform and feel their best.

In his interview with Wall Street Reporter, Hapbee CEO Scott Donnell explains how Hapbee's technology platform addresses untapped multi-billion dollar market opportunities which include mental health, sleep, and fitness, among other aspects of our daily lives which are impacted by feelings. Scott also shares HAPBF's unique D2C e-commerce strategy which is based on proven systems of today's most successful billion-dollar D2C fitness, health and lifestyle brands - and HAPBF's path to a billion dollar valuation.
Watch Hapbee Technologies (OTC: HAPBF) NEXT SUPER STOCK Video:
https://bit.ly/3dCsT0X

AI/ML Innovations (CSE: AIML) Chairman, Tim Daniels: "More HealthTech M&A in Pipeline..."
AI/ML Innovations (CSE: AIML) was recently a featured presenter at Wall Street Reporter's Investors Discovery Day livestream event. AIML Chairman Tim Daniels shared with investors the company's innovative wearable healthtech platform which uses AI and machine learning for applications ranging from remote patient monitoring, to fitness/health tracking and more.

With an initial focus on large B2B contracts, including insurance providers, AIML is now capitalizing on growing consumer demand for its wearables, which it is marketing through online direct-to-consumer channels. Tim Daniels also updated investors on AIML's growing pipeline of M&A opportunities in the HealthTech space, which could have a positive impact on maximizing shareholder value in coming months.
Watch AI/ML Innovations (CSE: AIML) Investors Discovery Day Video: https://bit.ly/2PCJsC5

April 6 - AIML announces partnership with its subsidiary, Health Gauge, has developed a strategic partnership with My Viva Plan to offer digital wellness solutions to the enterprise market. Collectively, Health Gauge and MVP have created and implemented a strategy to address Metabolic Rehabilitation, with a comprehensive program that helps patients with certain chronic illnesses to understand and harness risk factors such as obesity, high blood glucose levels, high blood pressure, and more, thus mitigating the risk of diabetes, heart disease and stroke.

"Following the launch of Health Gauge's comprehensive wearable solution, AIML is positioning to participate in the US$58 billion wearables market in a significant way," said Tim Daniels, Executive Chairman of AI/ML Innovations Inc. "Additionally, the digital therapeutics market for the rehabilitation of Metabolic Disorder is growing rapidly. Health Gauge's AI-driven digital health monitoring solution, in tandem with MVP's individualized care plans and personal health assessments, which is supported by professional care providers and dieticians, is a uniquely powerful combination poised to disrupt this industry."
Watch AI/ML Innovations (CSE: AIML) Investors Discovery Day Video: https://bit.ly/2PCJsC5

Garmin Ltd. (NASDAQ: GRMN) CEO Clifton Pemble: "Well Positioned To Capitalize on New Trends in Health & Fitness"

"...The pandemic also created many new opportunities as interest in health, fitness and active lifestyles surged. We were well positioned to seize these opportunities with a strong product lineup. And our vertically integrated business model gave us flexibility to meet rapidly changing demands. During this crisis, we maintained our focus on R&D, which allowed us to introduce many innovative new products throughout the year.
fitness segment, revenue increased 26% as strong demand for advanced wearables and cycling products fueled our growth. Gross and operating margins were 53% and 24% respectively, resulting in an operating income growth of 66% over the prior year. During the year, we launched innovative new wearables and cycling products such as the Venu Sq, the Forerunner 745, and the next generation of Edge cycling computers..."

"...Looking forward, we are well-positioned to capitalize on the broader trends in health and fitness. We plan to leverage our recent acquisition of Firstbeat to offer products with unique health and fitness features. In addition, we intend to capitalize on the trends in indoor cycling with our strong lineup of Tacx products. In the outdoor segment, revenue increased 23%, primarily driven by strong demand for adventure watches. Gross and operating margins were 66% and 39% respectively, resulting in operating income growth of 32%. During the year, we added solar charging technology to the broad range of fenix and Instinct models, extending our lead in low power technology and further differentiating ourselves in the highly competitive smartwatch market."

Garmin Ltd. (NASDAQ: GRMN) Earnings Highlights: https://bit.ly/3uuMVBh

WALL STREET REPORTER

Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO's of promising, publicly-traded companies, and market experts. www.WallStreetReporter.com . Nothing in this news summary shall be construed as investment advice. Quotes/content may be edited for brevity and context. Full disclaimer, and relevant SEC 17B disclosures here: https://bit.ly/39kkE7K

About Wall Street Reporter's Next Super Stock conference:

Wall Street Reporter's NEXT SUPER STOCK Live! conference is dedicated to featuring select companies that have near-term catalysts in place which can drive transformational growth (and stock appreciation) in the months ahead. Click here to join next livestream event: https://www.wallstreetreporter.com/next-superstock-online-investor-conference/

CONTACT:

WALL STREET REPORTER

(212) 871-2057 ext 7

www.WallStreetReporter.com


News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)

Apple's Worldwide Developers Conference returns June 10, 2024

Entire conference available online for all developers, with a special event at Apple Park on June 10

Apple® today announced it will host its annual Worldwide Developers Conference (WWDC) online from June 10 through 14, 2024. Developers and students will have the opportunity to celebrate in person at a special event at Apple Park on opening day.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Apple Jing'an to welcome its first customers this Thursday, March 21, in Shanghai

The new Apple Store in Shanghai features Apple's best lineup of products ever, special Today at Apple sessions that celebrate local culture, and a team of more than 150 ready to offer excellent service to customers

Apple® today previewed Apple Jing'an, located near Jing'an Temple and Jing'an Park in Shanghai. The store is encircled by an exterior plaza that gives the community a gathering place for special events, as well as providing a one-of-a-kind shopping destination where customers can discover and buy Apple's unparalleled lineup of products and services.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Driving Sustainable Excellence and Inspiring the Next Generation: A Blueprint for Companies

Qualcomm

By Angela Baker, VP, Corporate Responsibility and Chief Sustainability Officer, Qualcomm Incorporated

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Qualcomm Increases Quarterly Cash Dividend

Qualcomm Incorporated (NASDAQ: QCOM) today announced that its Board of Directors has approved an increase in the Company's quarterly cash dividend from $0.80 to $0.85 per share of common stock. This dividend increase will be effective for quarterly dividends payable after March 21, 2024 and will raise the annualized dividend payout to $3.40 per share of common stock.

Cristiano Amon, President and CEO of Qualcomm Incorporated, said, "We are pleased to announce an increase in our quarterly dividend. We remain committed to returning capital to stockholders through a balanced capital return policy, including a baseline of anti-dilutive stock repurchases."

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Apple unveils the new 13- and 15-inch MacBook Air with the powerful M3 chip

The world's most popular laptop is better than ever with even more performance, faster Wi-Fi, and support for up to two external displays — all in its strikingly thin and light design with up to 18 hours of battery life

Apple® today announced the new MacBook Air® with the powerful M3 chip, taking its incredible combination of power-efficient performance and portability to a new level. With M3, MacBook Air is up to 60 percent faster than the model with the M1 chip and up to 13x faster than the fastest Intel-based MacBook Air. 1 And with a faster and more efficient Neural Engine in M3, MacBook Air continues to be the world's best consumer laptop for AI. The 13- and 15-inch MacBook Air both feature a strikingly thin and light design, up to 18 hours of battery life, 1 a stunning Liquid Retina® display, and new capabilities, including support for up to two external displays and up to 2x faster Wi-Fi than the previous generation. With its durable aluminum unibody enclosure that's built to last, the new MacBook Air is available in four gorgeous colors: midnight, which features a breakthrough anodization seal to reduce fingerprints; starlight; space gray; and silver. Combined with its world-class camera, mics, and speakers; MagSafe® charging; its silent, fanless design; and macOS®, MacBook Air delivers an unrivaled experience — making the 13-inch model the world's bestselling laptop and the 15-inch model the world's bestselling 15-inch laptop. Customers can order starting today, with availability beginning Friday, March 8.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Enabling the Deep-Tech and Innovation Ecosystems in Vietnam, Taiwan and Africa

QualcommQualcomm programs are helping drive digital transformation through growth of innovation, IP awareness and more in various emerging markets of the world

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×