Shares of the cloud-based healthcare services provider with world-leading smart wearable technology, Zepp Health Corporation (ZEPP) traded at $11.14 at last check, up 6.91% on the charts in the premarket session today. As of Friday, shares of ZEPP ended the day at $10.42, up 3.99% from its previous close of $10.02.
Stocks of ZEPP traded for a volume of 0.13 million on the day, a volume much lower than the average over the last three months of 264.92K. ZEPP stock traded between $10.08 and $10.48 in the session. ZEPP stocks rose in premarket trading today after gaining value in last session on news of a new product launch.
What is ZEPP launching?
As of February 25, 2021, Zepp Health changed its name from Huami Corp. (HMI) to emphasize its healthcare focus with an appealing name that transcends cultures and languages. Connecting health and technology remains ZEPP’s mission. Aware of the growing market demand for smart health devices, data analytics services for population health, and industrial medical technology, ZEPP began developing proprietary technology for data analytics, AI chips, biometric sensors, and algorithms in 2013.
As of 2020, ZEPP is one of the largest manufacturers of smart fitness and health wearables, shipping 46 million units. ZEPP is headquartered in Hefei, China, and has a US subsidiary, Zepp Health USA, based in Cupertino, California.
According to Zepp Health, it brand Amazfit will launch truly wireless stereo (TWS) earbuds this fall with features such as health monitoring.
- Amazfit has been a leader in the smart wearables market for years, continually innovating and developing new products and technologies across multiple categories.
- The new earbuds from Amazfit not only measure heart rate but also include powerful health monitoring functions.
- This includes the ability to detect head position relative to the cervical spine, provide feedback on posture in the app, and play rhythms when the user hasn’t moved for an extended period of time.
- In addition to analyzing volume and listening habits, these earbuds help protect users’ hearing.
- The new Amazfit earbuds will not only provide cutting-edge audio but also be a companion for health and fitness tracking and will block out unwanted noise.
Global shipments of ZEPP are on the rise:
Worldwide Quarterly Wearable Device Tracker, published by International Data Corporation (IDC), recently unveiled that for the first time Amazfit and Zepp-branded products were among the top four global shipment units for the first quarter of 2021. According to IDC data for the first quarter of 2021, Zepp Health (ZEPP) has consolidated its market leadership positions in a number of countries, particularly in Brazil, Spain, and Russia where its own brand products had market shares of 40.9%, 23.5%, and 28.9% respectively.
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