Zepp Health Stuck in Rut as Global Chip Shortage, Covid Weigh

Smart wearables maker cuts fourth-quarter revenue guidance, but expects to stay profitable, as competition intensifies Key takeaways: Zepp Health has cut its fourth-quarter revenue guidance, sending its shares to near all-time lows, as its shipments fall due to overreliance on Xiaomi relationship Global chip shortage and fresh Covid restrictions are also weighing on company as it tries to gain share in the crowded global smartwatch space By Mia Shanley Smart wearable device maker Zepp Health’s (ZEPP.US) efforts to carve out a niche in the crowded global smartwatch space are being…

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Wearable Device Maker Huami Steps Out of Xiaomi’s Shadow

Huami Corp. announces it will rebrand outside China to Zepp Health, a Silicon Valley company it acquired two years ago By Doug Young Six years after its founding, Chinese smart wearable device maker Huami Corp. (Nasdaq: HMI) appears intent on moving out of the shadow of its longtime patron Xiaomi Corp. (HKEx: 1810). That’s the very unsubtle message coming from Huami’s latest announcement last week, in which it asserted its independence from the much larger smartphone giant Xiaomi by announcing it would change its name to Zepp Health Corp. At…

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