# Consumer Electronics — company-by-company sector analysis

> Consumer Electronics: GoPro, Inc. owns the largest revenue base; Vuzix Corporation has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-08-04. Not investment advice.

## Bottom line

Consumer Electronics has underperformed S&P 500 by 7.2% over 52 weeks and 8.6% over 13 weeks. 1 of 5 covered companies beat the S&P 500 on Mansfield relative strength, while 3 of 5 beat the sector itself. GoPro, Inc. leads with revenue of $617 million, based on 3 of 6 comparable companies through Mar 2026.

## Sector relative strength

Consumer Electronics has underperformed S&P 500 by 7.2% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 8.6%. 1 of 5 covered companies currently beats the S&P 500 on Mansfield relative strength, so leadership inside the sector is broad. Apple Inc. is the strongest against the sector itself at +13.9%.

13-week sector return versus NIFTY 500: -8.6%
52-week sector return versus NIFTY 500: -7.2%
Stocks leading NIFTY: 1/5
Stocks leading sector: 3/5

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 6
Combined market value: ₹45.2 L Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Apple Inc. (AAPL): 71/100 — Thin evidence · provisional; evidence 55%
   - Growth & earnings 21.2/35 | Capital efficiency 20.5/25 | Valuation 10.0/20 | Relative strength 19.5/20
   - Price stage: FADING — Was leading by 5% or more four weeks ago and is not now.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 9 of the last 12 weeks
   - Exact sum: 21.2 + 20.5 + 10 + 19.5 = 71.2
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2. Turtle Beach Corporation (TBCH): 39/100 — Thin evidence · provisional; evidence 55%
   - Growth & earnings 8.5/35 | Capital efficiency 9.9/25 | Valuation 10.0/20 | Relative strength 10.7/20
   - Price stage: BREAKING OUT — Ahead of the benchmark five weeks or more running, with its lead holding or widening.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 7 of the last 12 weeks
   - Exact sum: 8.5 + 9.9 + 10 + 10.7 = 39.1
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
3. Vuzix Corporation (VUZI): 36/100 — Thin evidence · provisional; evidence 55%
   - Growth & earnings 14.5/35 | Capital efficiency 6.0/25 | Valuation 10.0/20 | Relative strength 5.3/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 7 of the last 12 weeks
   - Exact sum: 14.5 + 6 + 10 + 5.3 = 35.8
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4. GoPro, Inc. (GPRO): 27/100 — Thin evidence · provisional; evidence 55%
   - Growth & earnings 8.1/35 | Capital efficiency 5.7/25 | Valuation 10.0/20 | Relative strength 3.0/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 4 of the last 12 weeks
   - Exact sum: 8.1 + 5.7 + 10 + 3 = 26.8
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5. Sonos, Inc. (SONO): 59/100 — Thin evidence · provisional; evidence 49%
   - Growth & earnings 23.2/35 | Capital efficiency 12.6/25 | Valuation 10.0/20 | Relative strength 13.0/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of the last 12 weeks
   - Exact sum: 23.2 + 12.6 + 10 + 13 = 58.8
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6. Boundless Group (BLTG): 44/100 — Thin evidence · provisional; evidence 11%
   - Growth & earnings 17.5/35 | Capital efficiency 6.8/25 | Valuation 10.0/20 | Relative strength 10.0/20
   - Exact sum: 17.5 + 6.8 + 10 + 10 = 44.3
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Market action

Sonos, Inc. has the strongest one-year price move in Consumer Electronics at +44.9%. Apple Inc. leads on Mansfield relative strength against the S&P 500 at +2.4%. 1 of 5 covered companies is above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

### Strongest one-year price performers
1. Sonos, Inc. (SONO): 45%
2. Apple Inc. (AAPL): 35%
3. Vuzix Corporation (VUZI): 28%
4. Turtle Beach Corporation (TBCH): -11%
5. GoPro, Inc. (GPRO): -45%

### Strongest relative strength versus NIFTY 500
1. Apple Inc. (AAPL): 2.4%
2. Sonos, Inc. (SONO): -4.6%
3. Turtle Beach Corporation (TBCH): -6.8%
4. Vuzix Corporation (VUZI): -17%
5. GoPro, Inc. (GPRO): -47%

## Revenue Scale & Growth Durability

What the numbers say: GoPro, Inc. is the scale leader at $617 million, 107% ahead of Turtle Beach Corporation. Vuzix Corporation's growth is 0% from a $5 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: GoPro, Inc. is the scale benchmark; Vuzix Corporation is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: GoPro, Inc.'s growth falls below Vuzix Corporation's for two consecutive comparable reports while operating margin also compresses.

Evidence: GoPro, Inc. · $617 million | 107% versus #2 · Turtle Beach Corporation | 1/8 recent comparable periods | 3/6 companies · 93 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. GoPro, Inc. (GPRO): ₹617 Cr
2. Turtle Beach Corporation (TBCH): ₹298 Cr
3. Vuzix Corporation (VUZI): ₹5 Cr

### Revenue growth — fastest growers
1. Vuzix Corporation (VUZI): 0.0%
2. GoPro, Inc. (GPRO): -21%
3. Turtle Beach Corporation (TBCH): -22%

### 20-quarter Revenue history
- AAPL: Sep 2021 ₹83.4K Cr | Dec 2021 ₹1.2 L Cr | Mar 2022 ₹97.3K Cr | Jun 2022 ₹83.0K Cr | Sep 2022 ₹90.1K Cr | Dec 2022 ₹1.2 L Cr | Mar 2023 — | Jun 2023 ₹94.8K Cr | Sep 2023 ₹81.8K Cr | Dec 2023 ₹1.2 L Cr | Mar 2024 ₹90.8K Cr | Jun 2024 ₹85.8K Cr | Sep 2024 ₹94.9K Cr | Dec 2024 ₹1.2 L Cr | Mar 2025 ₹95.4K Cr | Jun 2025 ₹94.0K Cr | Sep 2025 ₹1.0 L Cr | Dec 2025 ₹1.4 L Cr | Mar 2026 ₹1.1 L Cr | Jun 2026 —
- SONO: Sep 2021 ₹379 Cr | Dec 2021 ₹360 Cr | Mar 2022 ₹664 Cr | Jun 2022 ₹400 Cr | Sep 2022 ₹372 Cr | Dec 2022 ₹316 Cr | Mar 2023 — | Jun 2023 ₹304 Cr | Sep 2023 ₹373 Cr | Dec 2023 ₹613 Cr | Mar 2024 ₹253 Cr | Jun 2024 ₹397 Cr | Sep 2024 ₹255 Cr | Dec 2024 ₹551 Cr | Mar 2025 ₹260 Cr | Jun 2025 ₹345 Cr | Sep 2025 ₹288 Cr | Dec 2025 ₹546 Cr | Mar 2026 ₹282 Cr | Jun 2026 —
- TBCH: Sep 2021 ₹85 Cr | Dec 2021 ₹109 Cr | Mar 2022 ₹47 Cr | Jun 2022 ₹41 Cr | Sep 2022 ₹51 Cr | Dec 2022 ₹101 Cr | Mar 2023 ₹51 Cr | Jun 2023 ₹48 Cr | Sep 2023 ₹59 Cr | Dec 2023 ₹100 Cr | Mar 2024 ₹56 Cr | Jun 2024 ₹76 Cr | Sep 2024 ₹94 Cr | Dec 2024 ₹146 Cr | Mar 2025 ₹64 Cr | Jun 2025 ₹57 Cr | Sep 2025 ₹80 Cr | Dec 2025 ₹119 Cr | Mar 2026 ₹42 Cr | Jun 2026 —
- VUZI: Sep 2021 ₹3 Cr | Dec 2021 ₹3 Cr | Mar 2022 ₹3 Cr | Jun 2022 ₹3 Cr | Sep 2022 ₹3 Cr | Dec 2022 ₹3 Cr | Mar 2023 ₹4 Cr | Jun 2023 ₹5 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹1 Cr | Mar 2024 ₹2 Cr | Jun 2024 ₹1 Cr | Sep 2024 ₹1 Cr | Dec 2024 ₹1 Cr | Mar 2025 ₹2 Cr | Jun 2025 ₹1 Cr | Sep 2025 ₹1 Cr | Dec 2025 ₹2 Cr | Mar 2026 ₹1 Cr | Jun 2026 —
- GPRO: Sep 2021 ₹317 Cr | Dec 2021 ₹391 Cr | Mar 2022 ₹217 Cr | Jun 2022 ₹251 Cr | Sep 2022 ₹305 Cr | Dec 2022 ₹321 Cr | Mar 2023 ₹175 Cr | Jun 2023 ₹241 Cr | Sep 2023 ₹294 Cr | Dec 2023 ₹295 Cr | Mar 2024 ₹155 Cr | Jun 2024 ₹186 Cr | Sep 2024 ₹259 Cr | Dec 2024 ₹201 Cr | Mar 2025 ₹134 Cr | Jun 2025 ₹153 Cr | Sep 2025 ₹163 Cr | Dec 2025 ₹202 Cr | Mar 2026 ₹99 Cr | Jun 2026 —

### 20-quarter Revenue growth history
- AAPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 1.9% | Sep 2022 8.1% | Dec 2022 -5.5% | Mar 2023 — | Jun 2023 14% | Sep 2023 -9.3% | Dec 2023 2.1% | Mar 2024 — | Jun 2024 -9.6% | Sep 2024 16% | Dec 2024 4.0% | Mar 2025 5.1% | Jun 2025 9.6% | Sep 2025 7.9% | Dec 2025 16% | Mar 2026 17% | Jun 2026 —
- SONO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -1.9% | Dec 2022 -12% | Mar 2023 — | Jun 2023 -24% | Sep 2023 0.3% | Dec 2023 94% | Mar 2024 — | Jun 2024 31% | Sep 2024 -32% | Dec 2024 -10% | Mar 2025 2.8% | Jun 2025 -13% | Sep 2025 13% | Dec 2025 -0.9% | Mar 2026 8.5% | Jun 2026 —
- TBCH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -48% | Sep 2022 -40% | Dec 2022 -7.3% | Mar 2023 8.5% | Jun 2023 17% | Sep 2023 16% | Dec 2023 -1.0% | Mar 2024 9.8% | Jun 2024 58% | Sep 2024 59% | Dec 2024 46% | Mar 2025 14% | Jun 2025 -25% | Sep 2025 -15% | Dec 2025 -18% | Mar 2026 -34% | Jun 2026 —
- VUZI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 0.0% | Sep 2022 0.0% | Dec 2022 0.0% | Mar 2023 33% | Jun 2023 67% | Sep 2023 -33% | Dec 2023 -67% | Mar 2024 -50% | Jun 2024 -80% | Sep 2024 -50% | Dec 2024 0.0% | Mar 2025 0.0% | Jun 2025 0.0% | Sep 2025 0.0% | Dec 2025 100% | Mar 2026 -50% | Jun 2026 —
- GPRO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 0.4% | Sep 2022 -3.8% | Dec 2022 -18% | Mar 2023 -19% | Jun 2023 -4.0% | Sep 2023 -3.6% | Dec 2023 -8.1% | Mar 2024 -11% | Jun 2024 -23% | Sep 2024 -12% | Dec 2024 -32% | Mar 2025 -14% | Jun 2025 -18% | Sep 2025 -37% | Dec 2025 0.5% | Mar 2026 -26% | Jun 2026 —

## Operating Economics & Margin Trend

What the numbers say: Apple Inc. leads opm at 32.3%; Vuzix Corporation leads margin change at +37.1 percentage points.

Investor read: Apple Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: Apple Inc. · 32.3% | 388.4% versus #2 · Sonos, Inc. | 7/8 recent comparable periods | 5/6 companies · 90 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Apple Inc. (AAPL): 32%
2. Sonos, Inc. (SONO): -11%
3. Turtle Beach Corporation (TBCH): -33%
4. GoPro, Inc. (GPRO): -58%
5. Vuzix Corporation (VUZI): -518%

### Margin change — fastest expanders
1. Vuzix Corporation (VUZI): +37.1 pp
2. Sonos, Inc. (SONO): +12.4 pp
3. Apple Inc. (AAPL): +1.3 pp
4. GoPro, Inc. (GPRO): −24.1 pp
5. Turtle Beach Corporation (TBCH): −35.7 pp

### 20-quarter OPM history
- AAPL: Sep 2021 29% | Dec 2021 34% | Mar 2022 31% | Jun 2022 28% | Sep 2022 28% | Dec 2022 31% | Mar 2023 — | Jun 2023 30% | Sep 2023 28% | Dec 2023 34% | Mar 2024 31% | Jun 2024 30% | Sep 2024 31% | Dec 2024 35% | Mar 2025 31% | Jun 2025 30% | Sep 2025 32% | Dec 2025 35% | Mar 2026 32% | Jun 2026 —
- SONO: Sep 2021 4.4% | Dec 2021 -3.2% | Mar 2022 20% | Jun 2022 2.5% | Sep 2022 1.9% | Dec 2022 -19% | Mar 2023 — | Jun 2023 -19% | Sep 2023 -5.7% | Dec 2023 13% | Mar 2024 -28% | Jun 2024 3.2% | Sep 2024 -27% | Dec 2024 8.7% | Mar 2025 -24% | Jun 2025 -0.8% | Sep 2025 -12% | Dec 2025 18% | Mar 2026 -11% | Jun 2026 —
- TBCH: Sep 2021 1.7% | Dec 2021 5.7% | Mar 2022 -18% | Jun 2022 -52% | Sep 2022 -27% | Dec 2022 -8.0% | Mar 2023 -13% | Jun 2023 -33% | Sep 2023 -4.3% | Dec 2023 8.4% | Mar 2024 -10% | Jun 2024 -5.4% | Sep 2024 6.8% | Dec 2024 16% | Mar 2025 2.4% | Jun 2025 -0.6% | Sep 2025 6.7% | Dec 2025 18% | Mar 2026 -33% | Jun 2026 —
- VUZI: Sep 2021 -344% | Dec 2021 -341% | Mar 2022 -416% | Jun 2022 -333% | Sep 2022 -291% | Dec 2022 -409% | Mar 2023 -259% | Jun 2023 -205% | Sep 2023 -524% | Dec 2023 — | Mar 2024 -504% | Jun 2024 — | Sep 2024 -671% | Dec 2024 — | Mar 2025 -555% | Jun 2025 -606% | Sep 2025 -646% | Dec 2025 -374% | Mar 2026 -518% | Jun 2026 —
- GPRO: Sep 2021 15% | Dec 2021 15% | Mar 2022 3.8% | Jun 2022 1.9% | Sep 2022 8.0% | Dec 2022 0.5% | Mar 2023 -23% | Jun 2023 -9.3% | Sep 2023 -1.3% | Dec 2023 -3.2% | Mar 2024 -27% | Jun 2024 -25% | Sep 2024 -3.1% | Dec 2024 -20% | Mar 2025 -34% | Jun 2025 -9.2% | Sep 2025 -9.8% | Dec 2025 -4.1% | Mar 2026 -58% | Jun 2026 —

### 20-quarter Margin change history
- AAPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −1.8 pp | Sep 2022 −0.9 pp | Dec 2022 −2.8 pp | Mar 2023 — | Jun 2023 +2.1 pp | Sep 2023 +0.5 pp | Dec 2023 +3.1 pp | Mar 2024 — | Jun 2024 −0.3 pp | Sep 2024 +3.1 pp | Dec 2024 +0.7 pp | Mar 2025 +0.3 pp | Jun 2025 +0.4 pp | Sep 2025 +0.4 pp | Dec 2025 +0.9 pp | Mar 2026 +1.3 pp | Jun 2026 —
- SONO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.5 pp | Dec 2022 −15.8 pp | Mar 2023 — | Jun 2023 −21.3 pp | Sep 2023 −7.6 pp | Dec 2023 +32.0 pp | Mar 2024 — | Jun 2024 +22.0 pp | Sep 2024 −21.5 pp | Dec 2024 −4.3 pp | Mar 2025 +4.5 pp | Jun 2025 −4.0 pp | Sep 2025 +15.2 pp | Dec 2025 +9.7 pp | Mar 2026 +12.4 pp | Jun 2026 —
- TBCH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −52.4 pp | Sep 2022 −28.4 pp | Dec 2022 −13.7 pp | Mar 2023 +5.2 pp | Jun 2023 +18.9 pp | Sep 2023 +22.4 pp | Dec 2023 +16.4 pp | Mar 2024 +2.4 pp | Jun 2024 +27.5 pp | Sep 2024 +11.1 pp | Dec 2024 +7.6 pp | Mar 2025 +12.6 pp | Jun 2025 +4.8 pp | Sep 2025 −0.1 pp | Dec 2025 +1.6 pp | Mar 2026 −35.7 pp | Jun 2026 —
- VUZI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −16.8 pp | Sep 2022 +52.8 pp | Dec 2022 −67.5 pp | Mar 2023 +157.2 pp | Jun 2023 +127.7 pp | Sep 2023 −233.6 pp | Dec 2023 −1,504.4 pp | Mar 2024 −244.8 pp | Jun 2024 −3,523.1 pp | Sep 2024 −146.7 pp | Dec 2024 +824.8 pp | Mar 2025 −51.4 pp | Jun 2025 +3,121.6 pp | Sep 2025 +25.6 pp | Dec 2025 +714.7 pp | Mar 2026 +37.1 pp | Jun 2026 —
- GPRO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 −1.9 pp | Sep 2022 −7.3 pp | Dec 2022 −14.5 pp | Mar 2023 −26.6 pp | Jun 2023 −11.2 pp | Sep 2023 −9.3 pp | Dec 2023 −3.7 pp | Mar 2024 −3.8 pp | Jun 2024 −15.7 pp | Sep 2024 −1.8 pp | Dec 2024 −16.3 pp | Mar 2025 −7.1 pp | Jun 2025 +15.8 pp | Sep 2025 −6.7 pp | Dec 2025 +15.4 pp | Mar 2026 −24.1 pp | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: Turtle Beach Corporation leads net profit at $2 million; the second comparison lacks enough current evidence.

Investor read: Turtle Beach Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Turtle Beach Corporation · $2 million | 106.5% versus #2 · Vuzix Corporation | 1/6 recent comparable periods | 3/6 companies · 93 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. Turtle Beach Corporation (TBCH): ₹2 Cr
2. Vuzix Corporation (VUZI): ₹-31 Cr
3. GoPro, Inc. (GPRO): ₹-127 Cr

### Profit growth — fastest growers

### 20-quarter Net profit history
- AAPL: Sep 2021 ₹20.6K Cr | Dec 2021 ₹34.6K Cr | Mar 2022 ₹25.0K Cr | Jun 2022 ₹19.4K Cr | Sep 2022 ₹20.7K Cr | Dec 2022 ₹30.0K Cr | Mar 2023 — | Jun 2023 ₹24.2K Cr | Sep 2023 ₹19.9K Cr | Dec 2023 ₹33.9K Cr | Mar 2024 ₹23.6K Cr | Jun 2024 ₹21.4K Cr | Sep 2024 ₹14.7K Cr | Dec 2024 ₹36.3K Cr | Mar 2025 ₹24.8K Cr | Jun 2025 ₹23.4K Cr | Sep 2025 ₹27.5K Cr | Dec 2025 ₹42.1K Cr | Mar 2026 ₹29.6K Cr | Jun 2026 —
- SONO: Sep 2021 ₹18 Cr | Dec 2021 ₹-9 Cr | Mar 2022 ₹123 Cr | Jun 2022 ₹9 Cr | Sep 2022 ₹-1 Cr | Dec 2022 ₹-64 Cr | Mar 2023 — | Jun 2023 ₹-31 Cr | Sep 2023 ₹-24 Cr | Dec 2023 ₹81 Cr | Mar 2024 ₹-70 Cr | Jun 2024 ₹4 Cr | Sep 2024 ₹-53 Cr | Dec 2024 ₹50 Cr | Mar 2025 ₹-70 Cr | Jun 2025 ₹-3 Cr | Sep 2025 ₹-38 Cr | Dec 2025 ₹94 Cr | Mar 2026 ₹-29 Cr | Jun 2026 —
- TBCH: Sep 2021 ₹3 Cr | Dec 2021 ₹5 Cr | Mar 2022 ₹-6 Cr | Jun 2022 ₹-18 Cr | Sep 2022 ₹-12 Cr | Dec 2022 ₹-23 Cr | Mar 2023 ₹-7 Cr | Jun 2023 ₹-16 Cr | Sep 2023 ₹-4 Cr | Dec 2023 ₹9 Cr | Mar 2024 ₹0 Cr | Jun 2024 ₹-8 Cr | Sep 2024 ₹3 Cr | Dec 2024 ₹20 Cr | Mar 2025 ₹-1 Cr | Jun 2025 ₹-3 Cr | Sep 2025 ₹2 Cr | Dec 2025 ₹18 Cr | Mar 2026 ₹-15 Cr | Jun 2026 —
- VUZI: Sep 2021 ₹-10 Cr | Dec 2021 ₹-11 Cr | Mar 2022 ₹-11 Cr | Jun 2022 ₹-10 Cr | Sep 2022 ₹-9 Cr | Dec 2022 ₹-11 Cr | Mar 2023 ₹-10 Cr | Jun 2023 ₹-9 Cr | Sep 2023 ₹-11 Cr | Dec 2023 ₹-20 Cr | Mar 2024 ₹-10 Cr | Jun 2024 ₹-41 Cr | Sep 2024 ₹-9 Cr | Dec 2024 ₹-14 Cr | Mar 2025 ₹-9 Cr | Jun 2025 ₹-8 Cr | Sep 2025 ₹-7 Cr | Dec 2025 ₹-9 Cr | Mar 2026 ₹-7 Cr | Jun 2026 —
- GPRO: Sep 2021 ₹312 Cr | Dec 2021 ₹53 Cr | Mar 2022 ₹6 Cr | Jun 2022 ₹3 Cr | Sep 2022 ₹18 Cr | Dec 2022 ₹3 Cr | Mar 2023 ₹-30 Cr | Jun 2023 ₹-17 Cr | Sep 2023 ₹-4 Cr | Dec 2023 ₹-2 Cr | Mar 2024 ₹-339 Cr | Jun 2024 ₹-48 Cr | Sep 2024 ₹-8 Cr | Dec 2024 ₹-37 Cr | Mar 2025 ₹-47 Cr | Jun 2025 ₹-16 Cr | Sep 2025 ₹-21 Cr | Dec 2025 ₹-9 Cr | Mar 2026 ₹-81 Cr | Jun 2026 —

### 20-quarter Profit growth history
- AAPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -11% | Sep 2022 0.8% | Dec 2022 -13% | Mar 2023 — | Jun 2023 24% | Sep 2023 -4.1% | Dec 2023 13% | Mar 2024 — | Jun 2024 -11% | Sep 2024 -26% | Dec 2024 7.1% | Mar 2025 4.8% | Jun 2025 9.3% | Sep 2025 86% | Dec 2025 16% | Mar 2026 19% | Jun 2026 —
- SONO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 -106% | Dec 2022 — | Mar 2023 — | Jun 2023 -444% | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 -38% | Mar 2025 — | Jun 2025 -175% | Sep 2025 — | Dec 2025 88% | Mar 2026 — | Jun 2026 —
- TBCH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -1,000% | Sep 2022 -500% | Dec 2022 -560% | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 122% | Mar 2025 — | Jun 2025 — | Sep 2025 -33% | Dec 2025 -10% | Mar 2026 — | Jun 2026 —
- GPRO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -82% | Sep 2022 -94% | Dec 2022 -94% | Mar 2023 -600% | Jun 2023 -667% | Sep 2023 -122% | Dec 2023 -167% | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

## Return On Capital Employed

What the numbers say: Apple Inc. leads ROCE at 16.8%, 10.7 percentage points above Sonos, Inc.. Sonos, Inc. has the strongest latest improvement at +6.6 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Apple Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Apple Inc. · 16.8% | 175.4% versus #2 · Sonos, Inc. | 8/8 recent comparable periods | 6/6 companies · 94 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Apple Inc. (AAPL): 17%
2. Sonos, Inc. (SONO): 6.1%
3. Turtle Beach Corporation (TBCH): -8.4%
4. Vuzix Corporation (VUZI): -21%
5. GoPro, Inc. (GPRO): -67%

### ROCE change — fastest improvers
1. Sonos, Inc. (SONO): +6.6 pp
2. Apple Inc. (AAPL): +2.4 pp
3. Boundless Group (BLTG): −3.1 pp
4. Vuzix Corporation (VUZI): −4.9 pp
5. Turtle Beach Corporation (TBCH): −9.3 pp

### 20-quarter ROCE history
- AAPL: Sep 2021 11% | Dec 2021 18% | Mar 2022 13% | Jun 2022 11% | Sep 2022 12% | Dec 2022 16% | Mar 2023 — | Jun 2023 13% | Sep 2023 11% | Dec 2023 19% | Mar 2024 13% | Jun 2024 12% | Sep 2024 15% | Dec 2024 20% | Mar 2025 15% | Jun 2025 14% | Sep 2025 17% | Dec 2025 24% | Mar 2026 17% | Jun 2026 17%
- SONO: Sep 2021 — | Dec 2021 -2.1% | Mar 2022 19% | Jun 2022 1.4% | Sep 2022 1.0% | Dec 2022 -9.1% | Mar 2023 — | Jun 2023 -7.8% | Sep 2023 -2.9% | Dec 2023 11% | Mar 2024 -11% | Jun 2024 1.9% | Sep 2024 -12% | Dec 2024 7.3% | Mar 2025 -11% | Jun 2025 -0.5% | Sep 2025 -6.7% | Dec 2025 18% | Mar 2026 -6.3% | Jun 2026 6.1%
- TBCH: Sep 2021 1.2% | Dec 2021 4.5% | Mar 2022 -5.8% | Jun 2022 -16% | Sep 2022 -10% | Dec 2022 -6.5% | Mar 2023 -5.4% | Jun 2023 -15% | Sep 2023 -2.5% | Dec 2023 8.7% | Mar 2024 -4.1% | Jun 2024 -3.4% | Sep 2024 5.4% | Dec 2024 17% | Mar 2025 0.9% | Jun 2025 -0.2% | Sep 2025 3.3% | Dec 2025 12% | Mar 2026 -8.4% | Jun 2026 —
- VUZI: Sep 2021 -11% | Dec 2021 -12% | Mar 2022 -7.3% | Jun 2022 -6.8% | Sep 2022 -7.1% | Dec 2022 -9.1% | Mar 2023 -8.8% | Jun 2023 -7.9% | Sep 2023 -10% | Dec 2023 -21% | Mar 2024 -11% | Jun 2024 -58% | Sep 2024 -14% | Dec 2024 -23% | Mar 2025 -17% | Jun 2025 -23% | Sep 2025 -19% | Dec 2025 -23% | Mar 2026 -21% | Jun 2026 —
- GPRO: Sep 2021 8.8% | Dec 2021 9.1% | Mar 2022 1.4% | Jun 2022 0.8% | Sep 2022 3.2% | Dec 2022 0.2% | Mar 2023 -5.1% | Jun 2023 -2.9% | Sep 2023 -0.5% | Dec 2023 -1.3% | Mar 2024 -7.3% | Jun 2024 -8.7% | Sep 2024 -1.5% | Dec 2024 -8.9% | Mar 2025 -18% | Jun 2025 -6.3% | Sep 2025 -6.7% | Dec 2025 -4.9% | Mar 2026 -67% | Jun 2026 —

### 20-quarter ROCE change history
- AAPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.0 pp | Dec 2022 −1.9 pp | Mar 2023 — | Jun 2023 +2.2 pp | Sep 2023 −0.7 pp | Dec 2023 +2.5 pp | Mar 2024 — | Jun 2024 −0.6 pp | Sep 2024 +4.0 pp | Dec 2024 +1.6 pp | Mar 2025 +1.7 pp | Jun 2025 +2.0 pp | Sep 2025 +2.0 pp | Dec 2025 +4.0 pp | Mar 2026 +2.2 pp | Jun 2026 +2.4 pp
- SONO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 −7.0 pp | Mar 2023 — | Jun 2023 −9.2 pp | Sep 2023 −3.9 pp | Dec 2023 +20.0 pp | Mar 2024 — | Jun 2024 +9.7 pp | Sep 2024 −8.6 pp | Dec 2024 −3.6 pp | Mar 2025 −0.2 pp | Jun 2025 −2.4 pp | Sep 2025 +4.8 pp | Dec 2025 +10.2 pp | Mar 2026 +4.6 pp | Jun 2026 +6.6 pp
- TBCH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −11.6 pp | Dec 2022 −11.0 pp | Mar 2023 +0.4 pp | Jun 2023 +1.0 pp | Sep 2023 +7.9 pp | Dec 2023 +15.2 pp | Mar 2024 +1.3 pp | Jun 2024 +11.3 pp | Sep 2024 +7.9 pp | Dec 2024 +8.7 pp | Mar 2025 +5.0 pp | Jun 2025 +3.2 pp | Sep 2025 −2.1 pp | Dec 2025 −5.7 pp | Mar 2026 −9.3 pp | Jun 2026 —
- VUZI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +3.8 pp | Dec 2022 +2.6 pp | Mar 2023 −1.5 pp | Jun 2023 −1.1 pp | Sep 2023 −3.0 pp | Dec 2023 −11.7 pp | Mar 2024 −2.2 pp | Jun 2024 −50.5 pp | Sep 2024 −3.6 pp | Dec 2024 −2.6 pp | Mar 2025 −5.5 pp | Jun 2025 +35.8 pp | Sep 2025 −5.5 pp | Dec 2025 +0.3 pp | Mar 2026 −4.9 pp | Jun 2026 —
- GPRO: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −5.6 pp | Dec 2022 −8.9 pp | Mar 2023 −6.5 pp | Jun 2023 −3.7 pp | Sep 2023 −3.7 pp | Dec 2023 −1.5 pp | Mar 2024 −2.2 pp | Jun 2024 −5.8 pp | Sep 2024 −1.0 pp | Dec 2024 −7.6 pp | Mar 2025 −10.7 pp | Jun 2025 +2.4 pp | Sep 2025 −5.2 pp | Dec 2025 +4.0 pp | Mar 2026 −49.3 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: There is not enough comparable evidence to name a reliable peg leader.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: No comparable leader | Not enough peers | Not enough history | 0/6 companies · 3 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

### PEG — lowest PEG

### P/E — lowest P/E
1. GoPro, Inc. (GPRO): 27.7
2. Sonos, Inc. (SONO): 30.2
3. Apple Inc. (AAPL): 32.5
4. Turtle Beach Corporation (TBCH): 338.0

### 20-quarter PEG history
- AAPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 1.5 | Dec 2025 1.4 | Mar 2026 1.0 | Jun 2026 —

### 20-quarter P/E history
- AAPL: Sep 2021 26.2 | Dec 2021 29.2 | Mar 2022 28.4 | Jun 2022 23.4 | Sep 2022 24.6 | Dec 2022 22.1 | Mar 2023 — | Jun 2023 28.0 | Sep 2023 32.6 | Dec 2023 30.0 | Mar 2024 26.7 | Jun 2024 32.1 | Sep 2024 37.5 | Dec 2024 40.6 | Mar 2025 33.9 | Jun 2025 30.5 | Sep 2025 34.2 | Dec 2025 34.6 | Mar 2026 30.1 | Jun 2026 32.5
- SONO: Sep 2021 — | Dec 2021 28.6 | Mar 2022 28.7 | Jun 2022 28.2 | Sep 2022 20.6 | Dec 2022 28.4 | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 74.7 | Jun 2026 30.2
- TBCH: Sep 2021 16.9 | Dec 2021 23.0 | Mar 2022 266.1 | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 52.9 | Dec 2024 22.2 | Mar 2025 19.6 | Jun 2025 14.7 | Sep 2025 18.5 | Dec 2025 18.2 | Mar 2026 338.0 | Jun 2026 —
- GPRO: Sep 2021 4.2 | Dec 2021 4.5 | Mar 2022 3.6 | Jun 2022 2.4 | Sep 2022 10.3 | Dec 2022 27.7 | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —


## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- Thin comparisons: Valuation have fewer than three usable current readings.

## Every company
- Apple Inc. (AAPL) — market value ₹45.2 L Cr; latest fundamentals Jun 2026
- Sonos, Inc. (SONO) — market value ₹1.9K Cr; latest fundamentals Jun 2026
- Turtle Beach Corporation (TBCH) — market value ₹276 Cr; latest fundamentals Mar 2026
- Vuzix Corporation (VUZI) — market value ₹220 Cr; latest fundamentals Mar 2026
- Boundless Group (BLTG) — market value ₹136 Cr; latest fundamentals unavailable
- GoPro, Inc. (GPRO) — market value ₹131 Cr; latest fundamentals Mar 2026

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-08-04.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Is the Consumer Electronics sector outperforming S&P 500?

Consumer Electronics has underperformed S&P 500 by 7.2% over 52 weeks and 8.6% over 13 weeks. 1 of 5 covered companies beat the S&P 500 on Mansfield relative strength, while 3 of 5 beat the sector itself.

### Which Consumer Electronics company is largest by revenue?

GoPro, Inc. leads with revenue of $617 million, based on 3 of 6 comparable companies through Mar 2026.

### Which Consumer Electronics company is growing fastest?

Vuzix Corporation has the fastest current revenue growth at 0%, across 3 of 6 comparable companies.

### Which Consumer Electronics company has the strongest 4-Factor Sector Score?

Apple Inc. ranks first at 71.2/100 with 54.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### How much history does this Consumer Electronics comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

### Which Consumer Electronics company is the biggest?

GoPro, Inc. is the largest, with trailing-twelve-month revenue of $617 million, ahead of Turtle Beach Corporation at $298 million. That covers 3 of 6 companies with comparable reporting through Mar 2026.

### Which Consumer Electronics company has the best profit margins?

Apple Inc. has the highest operating margin at 32.3%, from 5 of 6 comparable companies. Vuzix Corporation shows the biggest recent improvement, at +37.1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Consumer Electronics company makes the most profit?

Turtle Beach Corporation earns the most, at $2 million of trailing-twelve-month net profit, from 3 of 6 comparable companies.

### Which Consumer Electronics company earns the highest return on capital?

Apple Inc. leads on return on capital employed at 16.8%, across 6 of 6 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Is the Consumer Electronics sector beating the market?

Consumer Electronics has underperformed S&P 500 by 7.2% over the last 52 weeks and 8.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 5 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Consumer Electronics stock has the strongest price momentum?

Apple Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Consumer Electronics company scores highest for research priority?

Apple Inc. scores 71.2 out of 100 with 54.8% evidence confidence, from 21.2 points on growth and earnings, 20.5 on capital efficiency, 10 on valuation and 19.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Consumer Electronics companies does this comparison cover, and over what period?

It compares 6 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Consumer Electronics sector?

The 6 Consumer Electronics companies on this page carry $4,517,852 million of combined market value. Apple Inc. is the largest at $4,515,147 million, about 100% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

### How is the Consumer Electronics sector performing?

1 of the 5 covered Consumer Electronics companies are beating S&P 500 on Mansfield relative strength. The sector itself is 7.2% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

### How many Consumer Electronics stocks are listed in the US?

This comparison covers 6 listed Consumer Electronics companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.