SAN FRANCISCO — Fitbit (NYSE: FIT) has introduced four new wearable products – Fitbit Versa Lite Edition, Fitbit Inspire HR, Fitbit Inspire and Fitbit Ace 2 – designed to help … Read More
SAN FRANCISCO — Fitbit, Inc. (NYSE:FIT), maker of wrist-fitness devices, reported revenue of $571 million for the fourth quarter. The company said GAAP net income in the quarter was $15 … Read More
SAN FRANCISCO — Fitbit has launched a new watch in partnership with adidas called the Fitbit Ionic: adidas edition. The watch is the result of a partnership between the … Read More
Fitbit, maker of wearable fitness devices, saw its shares drop 20.8% after reporting fourth-quarter earnings. Shares fell $3.44 on Tuesday to close at $13.08 per share near an all-time low.
Fitbit sold 8.2 million connected health and fitness devices in the fourth quarter which includes the holiday season. U.S. revenue in the quarter grew 100% from the previous year and made up 75% of fourth quarter revenue. The company sold a total of 21.4 million devices for all of 2015.