Investing in the Future: Top 3 Wearable Technology Stocks to Watch in 2021
Wearable technology is quickly becoming a part of everyday life, with more and more people turning to smart wearables to monitor their health, fitness, and general well-being. As the demand for wearable technology continues to rise, so does the need for investors to find high-growth companies in the industry. In this article, we take a look at the top three wearable technology stocks to watch in 2021.
Introduction to Wearable Technology
Wearable technology has been around for decades, but it was only in the last few years that it really started to take off. With advancements in technology, wearables are now more sophisticated and offer a variety of features. From smartwatches to fitness trackers, wearable technology has become an integral part of our daily lives.
As the market for wearable technology continues to grow, so does the market for wearable technology stocks. Investors are always on the lookout for promising stocks that can offer high growth potential. In this article, we take a look at the top three wearable technology stocks to watch in 2021.
Top Three Wearable Technology Stocks to Watch in 2021
1. Apple Inc. (AAPL)
Apple is one of the biggest players in the wearables industry, thanks to its Apple Watch and AirPods. In 2020, Apple’s wearables sales increased by 30%, generating $30 billion in revenue. The company’s investment in the fitness space through its Fitness+ service has further cemented its position in the wearables market.
Apple’s stock has been performing well in recent months, with analysts predicting continued growth in the company’s wearables segment. As a result, Apple’s stock could be a good investment for those looking to get into the wearable technology market.
2. Garmin Ltd. (GRMN)
Garmin is well known for its GPS devices, but the company has also made a name for itself in the wearables space. Garmin’s smartwatches, fitness trackers, and bike computers have all been well received by consumers and critics alike. The company’s focus on the sports and fitness market has helped it stand out in a crowded market.
Garmin’s stock has been steadily rising over the last few years, and with the company’s recent acquisitions, it is poised for continued growth. While the company may not have the same brand recognition as Apple, Garmin’s focus on specialized products could make it a good pick for investors.
3. Fitbit, Inc. (FIT)
Fitbit is one of the earliest players in the wearable technology market, and its fitness trackers have been popular for years. While the company was acquired by Google last year, its brand and products are still well recognized in the market. Fitbit’s focus on health and wellness has helped it stand out in the crowded wearables space.
Fitbit’s stock has been relatively stable over the past year, with analysts predicting that its acquisition by Google could lead to further innovation and growth. For investors looking for a well-established brand in the wearables market, Fitbit could be a good pick.
Conclusion and Key Takeaways
The wearables market is expected to continue to grow over the next few years, and investors looking for high-growth stocks should consider companies in the industry. Apple, Garmin, and Fitbit are all strong players in the market, each with its own unique strengths. While there is no guarantee that any stock will perform well, investing in these companies could be a good bet for those looking to invest in wearable technology.
