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Wireless

Fitbit cuts outlook after weak smartwatch sales in Q2

Thursday 1 August 2019 | 11:44 CET | News
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Fitbit has lowered its full-year guidance, following disappointing smartwatch sales in the second quarter. Quarterly revenue growth slowed to 4.8 percent, as higher volumes were offset by a drop in average selling prices after the company introduced more lower-cost devices. Sales of the new Versa Lite smartwatch were notably below expectations, Fitbit said.

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Categories: Mobile & Wireless
Companies: Fitbit
Countries: World
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