Motley Fool Money Google Gets Fit, Facebook Connects, and Apple Hits a New High
Nov 1, 2019
Discover Google's strategic acquisition of Fitbit and its impact on the fitness market. Apple celebrates a peak in earnings, expanding its services and wearables. Facebook's impressive revenue growth contrasts with Twitter's controversial ad policy changes. Health tech is booming, with Teladoc leading the way, while Texas Roadhouse thrives amidst positive trends. Innovations from Mattel and Dine Brands highlight adaptability in tough markets, navigating the competitive landscape with creativity and strong leadership.
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Apple's Service Growth
- Apple's iPhone revenue was higher than expected, but services are key.
- Wearables and services drive growth, making up 20% of sales and 33% of profits.
Apple's Second Act
- Tim Cook successfully manages Apple beyond iPhone reliance.
- Services offer pricing power potential, unlike the saturating hardware market.
Alphabet and Fitbit
- Alphabet acquired Fitbit for $2.1B after a minor earnings miss.
- This acquisition may be more beneficial for Fitbit than Alphabet.