Will Fitbit see growing demand with new products?

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In the recent quarter, Fitbit posted a slump in earnings. Profit fell 43%. Revenue rose 23% as the company managed to sell about 5.3 million devices. New products like Fitbit Blaze, Alta, Fitbit Charge 2, Fitbit Flex 2 and related accessories comprised 79% of quarter’s revenue.

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    Simard57 Alpha Member #631 - 1 month ago

    I started a thread similar to this one. My post was wondering if Wearables have crested already ---

     

    found this interesting http://money.cnn.com/2016/11/02/technology/fitbit-stock-tanks/index.html?iid=SF_LN

    The yikes moment from the article

    Yet, the overall market for wearable devices is experiencing turbulence. Worldwide sales for smartwatches plunged 52% in the third quarter compared to the same period a year earlier, according to a recent report by IDC.

    Surely this is not a saturation moment – too early for that. Are fitness bands losing their appeal?