emily: idc breaks down mobile payments into four categories. mobile commerce or buying goods online using your mobile device, nfc payments for things in stores using apple pay or android pay, and barcode payments where a barcode is scanned at the point-of-sale. idc expects all four mobile payment types to have growth through 2020. paypal has invested heavily in mobile, buying startups and building products that facilitate transactions and all double payment categories and competition is heating up. >> investors are really looking for this to get even more competitive as we have apple, google coming into the marketplace and there is always other smaller players. like square and stripe. emily: the ceo wants the mobile presence to be different. >> we are working with merchants like subway and burger king where a consumer can use their mobile phone to order ahead, to skip the line, to get loyalty. it is not just tap and pay, it is a value proposition change. >> take vacation back. emily: efforts to simplify mobile transactions are already paying of

cory johnson is here with me and we also have idc chief research officer on us with skype. think about hp results? disappointing, but is there a silver lining? the results were mixed. if you start digging and you do see some areas where the company clearly has issues. they saw a real cause particularly on consumer down 22 percent. we expected that in terms of people waiting for windows 10. if you did get into the enterprise group, there they saw significant improvement, if you will, in storage and steady demand, or improved, for industry-standard servers being 8%. enterprise services has been a drag for a long time. a lot of people have been cut out of the organizations have been services. to see margins up, that says there is light of the end of the tunnel and there are starting to improve. the other area they are getting crushed is in printers. the effect of strong dollar and a weak yen has made their japanese can editors very can additive. that's meeting they have to -- japanese competitors very competitive. must bee strong dollar tough. they have to buy most of their co

. >> yeah, so idc is saying in q 2 apple shipped 3.6 million watches right behind fit bittest 4.4 millionnits. you can see investors bailed. the stock dropping hard about 9%. now as the journal points out, idc numbers mean apple sold more watches in the first quarter of availability than it did ipads or iphones. rbc tells me they are looking for apple to ship 9 million watches in 2015 that would generate 3.6 million. not a big financial impact but the product is important, he says, to prove apple is still a company that can invite and excite consumers. melissa, back to you. >> thank you, josh lipton. karen, long apple. >> long apple. great they have an announcement, that's good. excitement, still a lot of not just samsung but apple converters like me that need to upgrade like tim. >> thank you. >> today's move wasn't about that. it was, you know, kind of risk on everybody feels better global growth story, all of that and when you think of and step back, apple is still had a very, very not good run in the last couple months so i think, you know, right here i still feel like it's no man's l

idc saying quote about two of every three smart wearables shipped this quarter was an apple watch.rket leader for all wearables. fitbit's number is bigger but they're saying apple's growth is faster. >> and definitely you got to consider some of fitbit's devices are actually these little clip-on deal. $79 you clip it on to your belt. it's not a watch. one could argue, if the numbers are correct, that apple is already in the lead when it comes to watches. >> i've ditched my apple watch and my fitbit so perhaps i'm not the core user here. >> why? >> i don't know. just -- cumbersome. just cumbersome, i don't know why. >> it's a good look. >> fitbit shares we should mention came off an earlier high on the report. something to watch as we get into the middle of the day. we've seen the markets pull back to the middle of the section. yesterday we saw strong momentum into the close, we'll see if we can recreate that again today. dow, s&p and nasdaq break even for the week. we're on pace for the best two-day gain since 2009. more statistics we can throw at you. >> you harken back to the per

we also have idc crawford del prete via skype and our technalysis founder, bob o'donnell.ave not felt the need for an upgrade. how much better could this new set-top box be and will it be an update to make people upgrade? crawford: i think it could get a lot better. there are apps that can be developed to make it more engaging. when you look at xfinity, they have enabled a voice enabled voice control, apps to get scores from one show -- or a game while you were watching another show. there is a lot of stuff apple could add to make it a more engaging experience and i think voice is top on the list. emily: hunter, you work at youtube for many years and you were a writer, but how optimistic are you for apple to be a big player in the streaming business? hunter: ultimately, they have a shot to be significant, but it is not just because of the ios ecosystem because we are ready have a remote control in our pocket or on our desk. if you look at the amazon bestseller list, the fire stick and google chrome cast have an number one and number two so apple is coming late to this part

cory johnson is here with me and we also have idc chief research officer crawford del prete.rawford, let me start with you. what do you think about hp's results? disappointing, but is there a silver lining? crawford: these results were mixed. if you start digging into these results, you do see some areas where company clearly has issues. they saw a pause in pc demand, particularly on the consumer side, down 22%. we expected that in terms of people waiting for windows 10. however, if you dig into the enterprise group, there they saw significant improvement, if you will, in storage and steady demand, or improved demand, for their industry-standard servers being up 8%. what jumped out at me is that enterprise services has been a drag for a long time. a lot of the people they have been cutting out of the organization have come from services. to see does margins up at 6%, that basically says there is light of the end of the tunnel and they are starting to improve in that area. obviously, the other area they are getting crushed is in printers. the effect of strong dollar and a weak

grow thet helped to overall wearables market substantially. 100% growth year-over-year, or so says idcwhen you look at the numbers you can see this tremendous growth of the apple watch, but also one of the things that it really reveals is that the dominant business in the business of wearables is not absolute all it, 4.4 million units shipped in the second quarter overall. these guys are stealing market share from each other, or is the wearable market actually growing in size? cory: it is absolutely growing in size. 200% growth year-over-year. furthermore, you can seattle come in there with a big chunk of that growth. most of the vendors in the arena of wearables are growing, carmen is a company that i do not pay enough attention to. cityare based in kansas and genetic and the coastal attention that other businesses do. they focus on runners and cyclists and outdoor activities. not only has the business grown quite a bit, but the of lost market share with the overall growth of the market. the big loser in this, and year-over-year basis, interestingly, was samsung. it first mover when i

. >> i'll add this, idc, the market research firm said that apple shipped, an estimate, 3.6 million watchesthe second quarter. that is second only to fitbit, 4.4 million. it is worth noting that apple sold 3.3 million ipads in the first quarter it was released. that would top ipad sales. >> people buying ipads and iphones basically what you're saying? that is pretty good. sandra: is that sustainable though? is that a one-trick pony? big unveil, everybody buys it and realize they don't need it and don't buy them again? >> they're on to something, president of at&t ohio sharing with me there will be 25 billion mobile devices by 2020. to allow somebody to forget their phone on a bus or, leave it at their office and see how they freak out when they can't be connected. >> that's true. sandra: sources apparently are telling some of the technology journals they will also unveil a new smaller iphone, a four inch iphone, but -- >> go back to close toward original, the size of the original phone. sandra: yes. but not expected to be unveiled at this event. supposed to be ready for november. anyway thi

according to idc, apple shipped 3. million watches in q2. in all of the last year acorpsed to a tech research firm, only 700,000 android wear watches shipped. the question is whether this news today will move that needle for android. brian, back to you. >> unless you build more outlets in your home it could be hard to charge one more item every single day. . >>> big kudos to our own steve leisman. comments by fed vicestand stanley fischer to steve in jackson hole, wyoming over the weekend. >> earlier this week, near fed president bill dudley called the case for a september rate hike less compelling. would you agree with that? >> i think it is early to tell. in the change in the circumstances which began with chinese devaluation is relatively new and we're still watching how it unfolds. so i wouldn't want to go ahead and decide right now what the change -- what the case is more compelling, less compelling, et cetera. >> i didn't get a chance to interview bill, so my question to you then is -- did you find the case for september previous to be

that according to market research firm idc. fitbit is still, though, well above its ipo price.t was 20 bucks a share, remember, but still a very noticeable down move for a hot recent ipo in technology and wearables, mandy. back over to you. >> right now the markets do seem to be losing a little momentum in afternoon trade. we were up at a high of 381 points for the dow. now we're below the 300 mark. we'll keep watching whether or not we can lose some steam. but nonetheless, s&p have gained since tuesday's close a whopping $1 trillion plus in market cap. we're going to bring you the close for oil prices. after the break. they were up a high of 10% just minutes ago. know we're up about 9. we'll be right back with the oil close. ♪ every auto insurance policy has a number. but not every insurance company understands the life behind it. those who have served our nation. have earned the very best service in return. ♪ usaa. we know what it means to serve. get an auto insurance quote and see why 92% of our members plan to stay for life. >>> welcome back to "power lunch." i'm jackie dea

whether you believe the idc data showing 45% annual compounded growth over the next five years or nott think very many people can refute that the market for quantified sell for tracking data whether for the application of weight loss or the application of health or otherwise is here to stay. i think whether it's a wearable or not, that may be a fad, but i think fit bit will evolve as that market evolves. the second big issue is the quality of the team. this is james park, eric friedman and their team thinks about that every day. when you look at the vast majority of competitors they're talking about cars, iphones, other things. i think they have a big focus. >> ed, you're a bear. the shares are down 13, 13.5% today. do you think they have further to fall? >> well, it's hard for me to comment on that. i think what i can say is the market itself is not well defined in terms of the actual growth rate and it's very easy for expectations to get ahead of themselves. when you have competition where a lot of features can get subsumed into a smartphone and then low end devices that cost a frac