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Wireless

Fitbit beats revenue guidance on strong Versa sales, sees possible breakeven for Q3

Thursday 2 August 2018 | 08:29 CET | News
Wearables maker Fitbit beat revenue expectations in the second quarter, with demand for Versa proving very strong. The company said the smartwatches outsold Samsung, Garmin and Fossil smartwatches combined in North America. Revenues fell to USD 299.3 million from 353.3 million the year before, as expected, on the back of less fitness trackers sold. Fitbit said however that Q2 is expected to be the "trough" in the year-on-year decline of tracker sales.

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Categories: Mobile & Wireless
Companies: Fitbit / Garmin / Samsung
Countries: World
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