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Apple and Nike have worked together again to develop a limited edition of Apple Watch 2 collection. The new smartwatch is a collaboration with NikeLab “innovation platform” and is called “Apple Watch NikeLab.”

The smartwatch’s design is likely to give a more urban look with a Spacy Gray Apple Watch casing and a Light Bone/Black strap.

Although this limited edition series’ features swung as that of its predecessor such as Siri commands, GPS, a vivid display, splash-resistance and Watch faces, customers still get the option of having two sizes: 38mm and 42mm.

Further, the Apple Watch 2 comes with the logo “NikeLab Innovators X Innovation,” meaning the device will only be available on Nike.com, including NikeLab stores, Japan stores and Apple Isetan.  

Given a limited edition of the new smartwatch, it has been said that this will be the first time an Apple Watch won’t be available directly from Apple stores and these devices comes with limited quantities as well.

Apple Performance

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Shares of Apple Inc. traded at 142.27 during the course of the session on Monday, with a one-year low settling at $89.47 and a one-year high of $145.46. The tech giant has a market capitalization of $746.43 billion, with a P/E ratio of 17.08 and a beta of 1.26.  

The company posted a 50-day moving average of $141.46 and a 200-day moving average of $126.59.

Based on the most recent filing with the Securities and Exchange Commission (SEC), Credit Agricole SA lowered 3.4% position in Apple Inc. stocks during the fourth quarter, in which the fund generated 6,061,889 shares after selling 213,314 stocks during the period.

The iPhone maker covers 2.3% of Credit Agricole SA’s investment portfolio, making the stock its second largest position. Therefore, the investment firm now owns 0.12% of stocks worth $702,087,000 as of its most recent filing.

Nike Performance

Shares of Nike Inc. traded at 55.85 during the course of the session on Monday, with a 12-month low settling at $49.01 and a 12-month high of $60.33. The footwear and apparel manufacturer has a market capitalization of $92.20 billion, with a P/E ratio of 23.30 and a beta of 0.44.

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According to the most recent filing with the SEC, Hills Bank & Trust Co. upgraded its position on Nike Inc. by 0.6% during the first quarter, in which the fund now owns 82,021 shares after purchasing an additional 515 shares during the period.

Nike Inc. comprises 1.6% of Hills Bank & Trust Co.’s investment portfolio, making the stock its fifteenth largest position. Hence, the investment firm now owns worth $4,571,000 as of its most recent filing.

Conclusion

As Apple Inc. and Nike Inc. joined hands again for developing a new smartwatch, investors are likely to eye on both stocks that could give a huge impact on their shares. The limited edition of the device might create an instant bearing as buyers are expected to look for orders in a short span of time.

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