0
Wireless

Fitbit cuts outlook after weak smartwatch sales in Q2

Thursday 1 August 2019 | 11:44 CET | News
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.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Fitbit
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Fitbit losses widen on flat device shipments, lower prices

Published 07 Nov 2019 10:08 CET | World
Fitbit reported a bigger net loss on falling revenues for the third quarter, in line with its outlook. Device shipments were ...

Fitbit launches product range in Peru

Published 03 Oct 2019 16:10 CET | Peru
Fitbit has announced the official launch of its range of smartwatches, trackers and other devices in Peru. In a statement, the ...

Fitbit considers possible sale in strategy rethink - report

Published 23 Sep 2019 14:35 CET | World
Wearables maker Fitbit has been in talks with an investment bank about the possibility of exploring a sale amid challenges in ...

Fitbit launches Versa 2 smartwatch, unveils USD 10 a month premium fitness service

Published 28 Aug 2019 16:23 CET | World
Fitbit has announced the launch of its first smartwatch with Amazon Alexa connectivity as well as a new coaching and fitness ...

Samsung expands Galaxy Active smartwatch range, adds LTE

Published 05 Aug 2019 16:42 CET | World
Samsung has announced a new smartwatch, the Galaxy Watch Active2, targeting the fitness and wellness market and with optional LTE ...

Fitbit beats Q1 revenue outlook with growth of 10%

Published 02 May 2019 09:33 CET | World
Fitbit reported better-than-expected results for the first quarter, with revenues up nearly 10 percent to USD 272 million. The ...

Fitbit lifts revenues, profit above guidance in Q4, but Q1 is less optimistic

Published 28 Feb 2019 10:54 CET | World
Fitbit reported higher than expected results for the fourth quarter but said it expects a slower performance for the first ...