Rochester, New York-based VR/AR display manufacturer Vuzix reported fiscal 2Q19 revenues of $2.2 million, down 17% year-over-year and missing the $2.8 million consensus estimate. One bright spot from the quarter, however, was the sales performance of the company’s consumer augmented reality smart glasses products.
GlobalFoundries, PTC Announce Adoption of Vuforia AR for Training
Chelsea Mercer, Analyst Augmented Reality, Enterprise Transformation, Enterprise xR Intelligence Service, Insight Articles, Software
Following its Q3 earnings call, PTC announced on July 30th that semiconductor manufacturer GlobalFoundries (GF), will begin using its Vuforia augmented reality solutions platform. GF will implement the newly released Vuforia Expert Capture (providing location-specific augmented reality guidance) software for use with AR HMDs such as RealWear’s HMT-1. GF will also be using PTC’s Vuforia Studio (its drag-and-drop authoring environment), … Read More
Apple 3Q19 Earnings Recap: iPhone Maker to Continue Big Bet on Augmented Reality
Chelsea Mercer, Analyst Augmented Reality, Augmented Reality Intelligence Service, Devices & Technology, Insight Articles, Software
Last week, Cupertino, California-based Apple Inc. reported fiscal 3Q19 revenues of $53.81 billion, up 1% year-over-year and beating the $53.39 billion consensus estimate. While iPhone sales still account for half of the company revenues and the wearables segment exhibits hyper-growth, Apple’s management remains steadfast in building the world’s largest augmented reality-enabled platform.
Immersion 2Q19 Earnings: Sony’s Haptic Products to Give Future Revenue Boost
Chelsea Mercer, Analyst Augmented Reality, Devices & Technology, Insight Articles, Interfaces, Virtual Reality
Immersion reported fiscal 2Q19 revenues of $8.74 million, up 42% year-over-year and beating the $8.68 million consensus estimate.
Factory Deployments of PTC’s Augmented Reality Solutions Show Robust Industrial AR Adoption
Chelsea Mercer, Analyst Augmented Reality, Enterprise Transformation, Enterprise xR Intelligence Service, Insight Articles, Software
PTC reported fiscal 3Q19 revenues of $322 million, up 2% year-over-year and missing the $322.42 million consensus estimate.
Facebook Achieves Milestones in Virtual Reality Engagement, Consumer Spending
Chelsea Mercer, Analyst Devices & Technology, Head-Mounted Displays, Insight Articles, Virtual Reality, Virtual Reality Intelligence Service
Facebook reported fiscal 2Q19 revenues of $16.89 billion, up 28% year-over-year and beating the $16.49 billion consensus estimate. Payments & Other Fees revenue, which includes sales of Oculus Quest and Rift S, were $262 million for the quarter, up 36% year-over-year.
2019 Wearable Technologies Conference Recap: Manufacturers See Bright Future for Wearable Augmented Reality Products
Chelsea Mercer, Analyst Augmented Reality, Augmented Reality Intelligence Service, Devices & Technology, Insight Articles, Virtual Reality, Virtual Reality Intelligence Service
This year, Greenlight Insights attended the 34th Wearable Technologies Conference held on July 9-10 in San Francisco, CA. Many leaders in the wearable technologies industry gathered to demonstrate breakthrough innovations for the wearables ecosystem, as well as research and thought-leadership for the audience of electronics manufacturers, application developers, and healthcare professionals. Virtual reality and augmented reality were one of the … Read More