Facebook will soon launch its own voice assistant to rival the likes of Amazon’s (AMZN) Alexa, Apple’s (AAPL) Siri and the Google (GOOG, GOOGL) Assistant.
It has been working on this project since 2018 and is being spearheaded by the company’s augmented reality and virtual reality group, a division that works on hardware, based out of Redmond, Washington. The team is already in talks with the vendors in the smart speaker supply chain. Lead by Ira Snyder, director of AR/VR and Facebook Assistant, the team has been collecting information from vendors in the smart speaker supply chain for some time now.
Even though it is not fully disclosed how exactly people will use the assistant, it is estimated that the assistant will be used on the company’s Portal video chat smart speakers or the Oculus headsets.
However, the market for smart speaker is already being dominated by Amazon and Google with 67% and 30% shares in the U.S. in 2018, and Facebook’s foray into this segment will not be easy.
Previously, the company had launched an AI assistant for its Messenger App called M. It was designed to help humans, but instead needed human help and hence never gained traction. So it was dropped last year.
Last November, the company began selling its Portal video chat service which allows users to place video calls using Facebook Messenger. A ‘Hey Portal’ can initiate simple command tasks but the device relies heavily on Amazon’s Alexa for complex tasks.
AAPL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 31 cases where AAPL's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where AAPL's RSI Oscillator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
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Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AAPL advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .
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The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. AAPL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (36.101) is normal, around the industry mean (75.229). P/E Ratio (26.969) is within average values for comparable stocks, (43.045). Projected Growth (PEG Ratio) (2.135) is also within normal values, averaging (1.927). AAPL has a moderately low Dividend Yield (0.005) as compared to the industry average of (0.024). P/S Ratio (7.067) is also within normal values, averaging (65.766).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of mobile communication, media devices, personal computers, and portable digital music players
Industry ElectronicsAppliances