The global wearables market continues to climb the ladder with upbeat consumer demand on both fronts: from basic wristbands like the Xiaomi Mi Band and Fitbit Charge to smartwatches like the Apple Watch Series 3 and Samsung Gear S3.
According to the International Data Corporation, the overall wearables market is expected to grow from 113.2 million shipments in 2017 to 222.3 million in 2021 with a compound annual growth rate of 18.4%. Based on the third quarter shipment performance, the top spot of wearable vendors has been shared by both Xiaomi and Fitbit, followed by Apple.
PayPal Holdings Inc. (NASDAQ: PYPL) reported stronger-than-expected earnings and revenues for the first quarter of 2021. Shares of the payment service provider gained during Wednesday’s extended trading session soon after
Twilio (NYSE: TWLO) reported first quarter 2021 earnings results today. Revenue increased 62% year-over-year to $590 million. GAAP net loss widened to $206 million, or $1.24 per share, compared to
Uber Technologies (NYSE: UBER) reported first-quarter 2021 financial results after the regular market hours on Wednesday. The ride-hailing company reported Q1 revenue excluding the UK accrual of $3.5 billion, up