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Zepp Health Corporation (NYSE: ZEPP) is a leading global provider of smart wearables and health technology solutions that enable users to maximize their health, fitness, and wellness. Established in 2013 as Huami Corp., the company rebranded to Zepp Health in February 2021 to emphasize its health-centered approach. Zepp Health is renowned for its innovative brands such as Amazfit, Zepp Clarity, and Zepp Aura, which together form a comprehensive ecosystem empowering users to achieve their wellness goals.
Central to Zepp Health's offerings is the proprietary Zepp Digital Health Management Platform, which integrates advanced technologies including Zepp OS, AI chips, biometric sensors, and sophisticated data algorithms. This platform provides 24/7 actionable insights and guidance, supporting users in their everyday health and fitness journeys. To date, Zepp Health has shipped over 200 million units, with its products accessible in more than 90 countries worldwide.
Zepp Health's product portfolio is diverse, featuring smartwatches, fitness bands, and innovative devices like the Amazfit Helio Ring and Amazfit Bip 5 Unity. The company's products are designed to offer a perfect blend of style and cutting-edge technology, appealing to both professional athletes and everyday fitness enthusiasts. Notably, the Amazfit brand has garnered numerous design accolades, including the iF Design Award and the Red Dot Design Award.
Recent achievements highlight Zepp Health's commitment to excellence and community. The company has been actively involved in significant partnerships, such as sponsoring the NN Rotterdam Marathon and the Escape from Alcatraz Triathlon. Through these partnerships, Zepp Health not only promotes its high-performance wearables but also supports athletic communities worldwide.
Financially, Zepp Health reported revenues of US$39.8 million for the first quarter of 2024, with a gross margin of 36.8%. Despite a challenging market, the company's self-branded products have shown robust performance, contributing significantly to its revenue. Looking forward, Zepp Health continues to expand its product offerings and invest in strategic marketing initiatives, ensuring sustained growth and innovation.
Zepp Health's commitment to advancing health technology is further exemplified by its partnership with LiveX AI to enhance customer experiences on the Amazfit website. This collaboration utilizes AI to provide personalized and efficient customer support, setting a new standard in the industry.
For more information about Zepp Health Corporation and its innovative health technology solutions, visit www.zepp.com.
Zepp Health Corp. (NYSE: ZEPP) has revised its Q4 2021 revenue guidance to between RMB1.6 billion and RMB1.75 billion, down from a previous estimate of RMB1.75 billion to RMB2.0 billion. Contributing factors include ongoing Covid impacts, a global chip shortage, and heightened restrictions in Europe. Despite this, the company anticipates maintaining profitability. Additionally, Zepp Health has initiated a share repurchase program with an authorization of up to US$20 million, having already repurchased approximately US$3.6 million in stock.
Zepp Health Corp. (NYSE: ZEPP) will host a LinkedIn Live event on January 5, 2022, at 8:00 a.m. Pacific Time, focusing on the use of data in healthcare through wearable technology. Key speakers include the company’s CEO, experts from IDC, HIMSS, ONC, and researchers from Norwegian University of Science and Technology, Stanford, and Peking University. The session will feature presentations followed by a Q&A segment. Interested participants need to register via Zepp Health’s LinkedIn page to join the event.
Zepp Health (NYSE: ZEPP) reported strong growth in adult watch shipments for Q3 2021, outperforming the overall market. According to IDC, Zepp’s brands, Amazfit and Zepp, showed the highest growth among top competitors. The company dominated markets in Brazil, the Czech Republic, Russia, and Indonesia, with over 30% market share in Brazil and the Czech Republic. Zepp Health ranked third in Mexico and fourth in Germany, South Korea, and Japan. Additionally, Amazfit's smartwatches excelled during Black Friday sales, with top rankings on Amazon. Holiday promotions are underway to capitalize on rising health awareness among consumers.
Amazfit, a brand of Zepp Health (NYSE: ZEPP), ranked third globally in smartwatch shipments in Q3 2021, with 9.9 million units shipped, marking an 89% year-over-year growth. Total shipments reached 27.8 million in the first nine months of 2021. Notably, 61.8% of shipments occurred overseas, with significant sales increases in Italy, Spain, Germany (+150%), and Turkey (+324%). The brand's success follows the launch of new models and a strong promotional push. Upcoming festive sales are also expected to boost annual revenue.
Zepp Health Corporation (NYSE: ZEPP) reported third-quarter revenue of RMB 1.61 billion (US$249.3 million), down 28.1% year-over-year, due to decreased sales of Xiaomi wearable products. Unit shipments decreased 37.7% to 9.9 million, but Amazfit and Zepp product shipments rose 88.9%. The company maintained a gross margin of 20.2% and reduced operating expenses by 31.2%. A $20 million share repurchase program was approved, indicating management's confidence in the company's long-term strategy and strong cash position. Q4 revenue guidance is projected between RMB 1.75 billion and RMB 2.0 billion.
Amazfit, a smart wearable brand, is launching exclusive Black Friday and Cyber Monday deals starting November 15, 2021. Customers can enjoy discounts as low as $0.01 between November 26-29, alongside up to 60% off select models from their smartwatch lineup.
Featured products include the GTR 3 Pro and GTS 3 smartwatches, both equipped with 24/7 health monitoring. Promotions also include free Amazfit Powerbuds with certain purchases and special flash sales on select models.
Amazfit, a brand of ZeppHealth (NYSE: ZEPP), announced that its Amazfit PowerBuds Pro received recognition as a CES® 2022 Innovation Awards Honoree in the health and wellness category. The competition saw over 1800 submissions, evaluated by an elite panel of judges based on innovation and design. The PowerBuds Pro feature advanced health monitoring capabilities, including an in-ear PPG heart rate sensor and automatic running recognition. They also boast up to 30 hours of battery life and industry-leading noise cancellation, reinforcing Amazfit's commitment to innovative health-focused wearable technology.
Zepp Health Corp. (NYSE: ZEPP) will announce its third-quarter 2021 unaudited financial results on November 16, 2021, prior to the market opening. A conference call is scheduled for 7:30 AM EST that day, with dial-in access provided for participants. The company, which changed its name from Huami Corp. in February 2021, specializes in smart wearable technology and health services. Zepp Health aims to integrate health and technology, having shipped 46 million devices in 2020. More details are available on their investor relations website.
Amazfit has launched a new generation of performance smartwatches, now available at 2,986 Walmart stores across North America from October 16 to October 22. These affordable smartwatches combine sports functionality and health management. The three product lines include the Amazfit GTS 2e, Amazfit Bip U Pro, and Amazfit Band 5. The brand aims to strengthen its market share by targeting sporty and health-conscious customers.
Amazfit announces a partnership with fashion designer Christian Cowan, who will serve as the Experience Consultant for its new GTR 3 and GTS 3 Series smartwatches. This collaboration launches alongside the introduction of the GTR 3 PRO, GTR 3, and GTS 3 smartwatches, which aim to blend fashion with fitness technology. The devices feature advanced health monitoring and a new, efficient operating system, Zepp OS, designed for enhanced performance and battery life. Amazfit, owned by Zepp Health (NYSE: ZEPP), has sold over 100 million devices globally.
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