Today's Above Avalon stories:
- Fitbit Earnings
- GoPro Earnings (and Problem)
- Apple Is Buying Back Shares Like There's No Tomorrow (continued)
Today we will cover Fitbit's 3Q15 earnings report, which was released yesterday. On a unit sales basis, Fitbit is the leader of the wearable space. However, there are still questions surrounding the company's future and its impact on Apple Watch. We then look at GoPro's difficult earnings report from last week and a few implications that it may have for Apple. We also discuss the never-ending stories about Apple acquiring GoPro. We conclude with two additional thoughts on Apple's buyback program.
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