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Jan 31, 2017

Apple CEO touts record Apple Watch sales, says there is ‘huge growth potential’ for wearables

Apple didn’t reveal any sales data for the Apple Watch as part of its quarterly earnings report on Tuesday, but the tech giant is clearly happy with the reception for its wearable device. The Apple Watch set “all-time” revenue records during Apple’s holiday quarter, during which the company earned $78 billion in revenue. Without providing specific numbers like it does for the iPhone, iPad, and Mac, Apple said it broke records for both Apple Watch revenue and unit sales. “The holiday demand was so strong that we couldn’t make enough,” Apple CEO Tim Cook said on a post-earnings conference call, adding that “we couldn’t be more… Read More

Jan 15, 2017

How this reluctant Fitbit investor almost missed a $1.6 billion windfall

Tech investor Brad Feld remembers his first call with Fitbit CEO James Park. It was in 2010, during a major snowstorm at his home in the Colorado mountains, and he was too distracted by intermittent power outages to give serious attention to an investment pitch from a fitness tracking startup. “Pretty much my entire goal during that call was to get off the phone,” Feld recalls. “I wasn’t in any sort of headset or mindset about investing. I was interested in the idea of human-computer interaction, but I hadn’t really processed this notion of what a Fitbit was, or why I would want… Read More