Will Fitbit see growing demand with new products?

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.

Conversation 4 comments

  • 661

    03 November, 2016 - 1:38 pm

    <p>I started a thread similar to this one. My post was wondering if Wearables have crested already —</p>
    <p>&nbsp;</p>
    <p>found this interesting&nbsp;http://money.cnn.com/2016/11/02/technology/fitbit-stock-tanks/index.html?iid=SF_LN</p&gt;
    <p>The yikes moment from the article</p>
    <p>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.</p>
    <p>Surely this is not a saturation moment &ndash; too early for that. Are fitness bands losing their appeal?</p>

  • 10768

    13 February, 2017 - 4:31 am

    <p>I think their should that develop the many products because their things is very interesting and I hope when they launch the new product so they will be success. Thanks author you share a nice topic. Visit them <a href="http://www.assignmentace.co.uk/write-my-assignment">pay writing an assignment</a></p>

    • 5027

      13 February, 2017 - 6:26 am

      <blockquote><em><a href="#42207">In reply to </a><a href="../../../../users/AnthonyAnson">AnthonyAnson</a><a href="#42207">:</a></em></blockquote>
      <p>Spam</p>

  • 5027

    13 February, 2017 - 6:26 am

    <blockquote><em><a href="#36887">In reply to </a><a href="../../../../users/William_Morris">William_Morris</a><a href="#36887">:</a></em></blockquote>
    <p>Spam</p>

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