Huami Unveils Two New Flagship Smartwatches, Shares Up 9.5%

Shares in Huami jumped more than 9.5 percent on Tuesday after the company announced two new smartwatches at its 2019 summer launch event in Beijing.
Binwei WangJun 12,2019,06:55

Shares in Huami Corp. (NYSE: HMI) soared more than 9.5 percent Tuesday, trading at $10.01 apiece, on news that it has unveiled a pair of new smartwatches. They feature an electrocardiogram sensor in addition to an optical heart rate sensor, similar to the Apple Watch 4.

The smart wearable technology firm said Amazfit Verge 2 is the first smart watch equipped with eSIM function. It supports 4G independent call and cellular mobile network services of mobile. The Verge 2 is compatible with all major carriers in China.

Amazfit Avenger Edition

Amazfit Bip 2 is equipped with the first artificial intelligence chip Huangshan No. 1 in the global smart wear field. The chip has a cardiac biometrics engine that allows for more accurate heart rate monitoring, as well as real-time electrocardiogram sensor screening for any abnormalities like heart arrhythmia or atrial fibrillation.

Three Colors of Amazfit Bip 2

Wang Huang, the founder, and chief executive officer of Huami, pointed out that hardware is only the foundation of products. Real intelligent hardware must contain healthy cloud services in order to form a complete set of service closed loops and help users to keep a healthy body level.

Huami announced its first quarter earnings last week with strong revenue. And it backed a San Francisco based tech startup SiFive on June 7.