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Top related persons:
Aly - 2 Pico - 2 ByteDance - 2 Josh Ye - 2 Ramon Laguarta - 1 — - 1 Logan Paul — - 1 Laguarta - 1
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Shanghai China Pico HONG KONG United States Mexican Electrolit LSEG
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REUTERS - 2 IDC - 2 Thomson - 2 Pepsico - 1 Pepsi - 1 Gatorade - 1 Coca - 1 PEP - 1

Search resuls for: "Pico's"


3 mentions found


☆ A sports drinks turf war could determine whether beverage stocks bounce back in 2024
  + stars: | 2024-01-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +5 min
The rise of Prime comes at a time when key beverage stocks are struggling for traction. PEP 1Y mountain Shares of Pepsico have fallen over the past 12 months, along with its two main peers. Pepsi, for instance, is pushing newer versions of Gatorade with Gatorade Zero, G-Fit and Gatorlyte, as well as the Fast Twitch energy drink. Where to invest The exact impact of sports drinks on beverage stocks can be hard to determine. The big three companies do not break out the financials for their sports drink brands individually, and any impact could be outweighed by other categories, like Pepsi's snack foods.
Persons: Ramon Laguarta, —, Logan Paul —, Laguarta, Dr Pepper, Lauren Lieberman, Lieberman, There's, Z'ers, Gerald Pascarelli, Pascarelli, Keurig Dr Pepper, Electrolit Organizations: Pepsico, YouTube, Pepsi, Gatorade, Coca, PEP, Barclays, Holdings, CNBC, Nielsen, Grupo PiSA, Keurig Locations: United States, Mexican, Electrolit, LSEG
☆ China's ByteDance to overhaul VR arm Pico as global demand declines -sources
  + stars: | 2023-11-07 | by ( Josh Ye | ) www.reuters.com   time to read: +2 min
The ByteDance logo is seen at the company's office in Shanghai, China July 4, 2023. The meeting did not specify how many jobs would be cut as a result, but the three people said "hundreds" of Pico staff were expected to be affected globally. In China, it has become the leading VR producer by total shipments and globally it trails only Meta. But two of the people said ByteDance had pared back efforts to develop Pico as a brand in recent months as the outlook dimmed. ByteDance said last month it remained committed to the VR industry in the long term following media reports that it planned to gradually wind down Pico.
Persons: Aly, Pico, ByteDance, Josh Ye, Jamie Freed Organizations: REUTERS, Pico, Reuters, VR, Meta, IDC, Thomson Locations: Shanghai, China, Pico, HONG KONG
☆ ByteDance says committed to VR business Pico after report of it shutting brand
  + stars: | 2023-10-24 | by ( Josh Ye | ) www.reuters.com   time to read: +2 min
The statement came after Chinese research firm EqualOcean published a report saying that ByteDance founder Zhang Yiming told Pico's management team ByteDance would gradually give up on the Pico business. Pico is under normal operation and the company will continue to invest in the extended reality (XR) business over the long term," ByteDance said in a statement shared with Reuters. The Pico headsets are often seen as ByteDance's answer to the popular Quest headsets developed by Meta Platforms Inc (META.O). Pico has the biggest market share for VR headsets in China, accounting for over 58% of the market, as Meta's Quest devices have yet to enter the country officially. The Wall Street Journal reported earlier this year that Pico has increased its headset shipments last year while Meta's headset shipments declined.
Persons: Aly, ByteDance, EqualOcean, Zhang Yiming, Pico's, Pico, Bytedance, Josh Ye, Deborah Kyvrikosaios Organizations: REUTERS, Reuters, XR, Meta Platforms Inc, Street Journal, IDC, Thomson Locations: Shanghai, China, HONG KONG, Pico
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