Alphabet’s Google Fit app (GOOGL) exceeds 100 million downloads

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AlphabetGoogle’s GOOGL division is enjoying strong momentum in personal health monitoring thanks to the growing popularity of its Google Fit app.
Apparently, Google Fit’s download base on Android has passed the 100 million mark.
This highlights the efficiency, reliability and user-friendly nature of the highlighted application.
Customers can easily access their health data from Wear OS smartwatches and other devices, which can be synced seamlessly with the app.
Personalized coaching and practical advice based on the user’s health and activity history, as well as helpful heart points, which are earned for moderate and super intense workouts, consistently increase Google’s adoption rate. Fit.

– Zack

Google will gain a competitive advantage

With the growing installation of the Google Fit app, the search giant remains well positioned to enter the burgeoning personal health monitoring market.
Google is likely to gain a competitive advantage over companies like Apple AAPL, Amazon AMZN, Garmin and Philips, which are also making concerted efforts to strengthen their footprint in this particular market.
Apple continues to gain traction in the personal health monitor arena with its expanding family of watches. Apple Watch adoption rate continues to grow rapidly. More than 75% of customers who bought the Apple Watch in the third quarter of fiscal 2021 were new customers.
The company’s Fitness + subscription service designed for Apple Watch remains outstanding. Fitness + tracks health and training data from Apple Watch, which users can view on their Apple devices.
Meanwhile, the Amazon Halo app and Amazon Halo Band, the respective wearable and fitness tracking service, are helping Amazon expand its presence in the stressed market. The Amazon Halo app offers wellness insights through integration with the Amazon Halo Band. Its AI-powered health feature set remains other positives.

Google’s efforts

Google’s considerable efforts should continue to strengthen its competitive position against the aforementioned competitors.
The company recently rolled out the Browse tab on the Google Fit app, which allows users to access and view all health and fitness data from their connected apps and devices in one place. .
In addition, the company is experiencing growing momentum through its Wear operating system, which remains a tailwind. Another positive thing is Wear OS’s seamless sync with Google Fit and other health apps.
The company’s acquisition strategy to expand its presence in the personal health monitoring market remains a major positive. The acquisition of FossilThe FOSL smartwatch technology is remarkable.
Google’s acquisition of wearable fitness company Fitbit has been called a remarkable buyout in the field of fitness tracking. Fitbit’s strong portfolio of fitness trackers should continue to strengthen Google’s position in the market.
Currently, Google’s parent alphabet carries a Zacks Rank # 3 (Hold). You can see The full list of today’s Zacks # 1 Rank (Strong Buy) stocks here.

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Sam D. Gomez