Market Overview

Off To The Races: Comparing Fitbit's New Ionic With Its Smart Watch Competitors

Share:
Off To The Races: Comparing Fitbit's New Ionic With Its Smart Watch Competitors

Good thing it's water-resistant, because the new Ionic smart watch just released by Fitbit Inc (NYSE: FIT) is entering some dangerous depths.

Though it has a full complement of feature-rich competitors, perhaps the most formidable is Apple Inc. (NASDAQ: AAPL), which is rumored to be offering an update of its current, second-generation watch in the weeks ahead.

“The device, with an attractive price point, could generate solid sales, though it will also be launching at the same time as Apple's rumored next watch, which will likely also add new capabilities,” said Baird analyst William V. Power.

Related Link: Analyst: Fitbit Stepping In The Right Direction

He maintains a Neutral rating on the stock and set a price target of $6, 1 cent below where the stock was trading at last check.

What The Ionic Is Up Against

Here’s a breakdown of the Fitbit’s flagship new phone’s features, compared with its main competitors:

Fitbit Ionic:

  • GPS
  • Heart rate sensor
  • Battery life: four, plus, days.
  • Storage for music, plus Pandora Media Inc (NYSE: P) support and Bluetooth headphone support
  • Water resistance
  • New proprietary OS
  • Coaching software for personalized workouts
  • Fitness tracker apps with swim-tracking apps
  • Wi-Fi, Bluetooth and NFC connectivity
  • Android (Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)), Apple iOS and Windows (Microsoft Corporation (NASDAQ: MSFT)) compatible
  • Storage: 2G
  • PRICE: $299

Apple 2 Watch Series 2

  • GPS
  • Heart rate sensor
  • Battery life: two days
  • Dual-Core Processor
  • Fitness tracker apps with swim-lap technology.
  • Compatible with IOS devices
  • Wireless charging
  • Wi-Fi, Bluetooth and NFC connectivity
  • Compatible with iTunes
  • Requires phone
  • Onboard storage 2G
  • PRICE: $369

Gear S3 by Samsung Electronics (OTC: SSNLF)

  • GPS
  • OS: Tizen
  • Dual-Core processor
  • 4G Storage
  • Wi-Fi, Bluetooth, NFC connectivity
  • Battery life: three days
  • Wireless charging
  • Intuitive interface
  • Fitness tracking sensors
  • PRICE: $299

Forerunner 640 by Garmin Ltd. (NASDAQ: GRMN)

  • GPS
  • Advanced running metrics
  • Stride length, lactate threshold ratings
  • Heart monitor
  • Music player
  • Water resistant
  • Fitness tracker and heart monitor that adjusts to a variety of athletics
  • Battery life: 16 hours
  • No onboard music storage
  • PRICE: $399

Latest Ratings for AAPL

DateFirmActionFromTo
Nov 2019MaintainsOverweight
Nov 2019MaintainsOverweight
Nov 2019MaintainsOutperform

View More Analyst Ratings for AAPL
View the Latest Analyst Ratings

Posted-In: Analyst Color News Previews Reiteration Sports Events Analyst Ratings Tech Best of Benzinga

 

Related Articles (FIT + AAPL)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
TORCCantor FitzgeraldDowngrades3.0
CIDMCanaccord GenuityMaintains1.5
TDGCanaccord GenuityMaintains620.0
DLPNCanaccord GenuityMaintains1.6
WBCLSADowngrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Nutanix Surrenders Some Of Early Gains After Q4 Beat

Hurricane Harvey, By The Numbers