Punters lose interest in gadgets and gadget makers

Stefan Mileschin · 24th December 2015, 22:06

In the middle of the Christmas shopping, expensive electronic gadgets like GoPro and Apple watches were being ignored, despite discounting.

Five of the six consumer electronics shares in the Russell 3000, including camera maker GoPro, headphone maker Skullcandy and GPS maker Garmin were down. Apple shares have also been suffering.

According to a USA TODAY analysis of data from S&P Capital IQ, the gadget makers are down on average by 21 percent. In fact the only one doing well is an outfit called ZAGG which makes coatings to help people protect the screens of devices they already own. ZAGG shares are up 61 percent this year.

Investors expected bigger things from the gadget market. It seemed logical that everyone one wanted everything digital. Apparently clothes sales were better.

http://www.techeye.net/news/punters-...-gadget-makers

24th December 2015, 22:06	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,514	Punters lose interest in gadgets and gadget makers In the middle of the Christmas shopping, expensive electronic gadgets like GoPro and Apple watches were being ignored, despite discounting. Five of the six consumer electronics shares in the Russell 3000, including camera maker GoPro, headphone maker Skullcandy and GPS maker Garmin were down. Apple shares have also been suffering. According to a USA TODAY analysis of data from S&P Capital IQ, the gadget makers are down on average by 21 percent. In fact the only one doing well is an outfit called ZAGG which makes coatings to help people protect the screens of devices they already own. ZAGG shares are up 61 percent this year. Investors expected bigger things from the gadget market. It seemed logical that everyone one wanted everything digital. Apparently clothes sales were better. http://www.techeye.net/news/punters-...-gadget-makers

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