0
Wireless

Fitbit reports lower Q4 on falling prices, sharp competition

Friday 21 February 2020 | 09:39 CET | News
Revenues for the quarter declined to USD 502.1 million from 571 million the year before, with the gross margin sliding to 24.3 percent form 29.8 percent and the adjusted EBITDA going to a loss of USD 34.9 million from a gain of 49.6 million. The net result also slipped to a loss, of USD 31.5 million or USD 0.12 per share, from a gain of 36.3 million and 0.14 per share. 

Thank you for visiting Telecompaper

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 unveils USD 330 Sense smartwatch with stress level tracker

Published 26 Aug 2020 09:02 CET | World
Fitbit has announced the upcoming launch of three new smartwatches, including a device that can test the wearer's stress levels ...

Fitbit remains in the red as device shipments fall 30% in Q2

Published 06 Aug 2020 09:00 CET | World
Fitbit saw continued losses in the second quarter, as sales of its wearable devices dropped 30 percent year-on-year to 2.5 ...

EU confirms in-depth investigation into Google takeover of Fitbit

Published 04 Aug 2020 15:47 CET | Europe
The European Commission has confirmed an in-depth investigation has started into Google's proposed takeover of wearables maker ...

Fitbit unveils low-cost 'Flow' emergency ventilator

Published 04 Jun 2020 10:10 CET | United States
Fitbit said it has developed a low-cost, easy-to-use emergency ventilator called Fitbit Flow to help address urgent global needs ...

Fitbit starts own dedicated Fitbit Covid-19 study

Published 22 May 2020 13:13 CET | World
Fitbit is launching its own dedicated Fitbit Covid-19 study via its mobile app, according to TechCrunch.com. The company is ...

Fitbit shipments fall 26% in Q1, revenues down 31%

Published 07 May 2020 10:50 CET | World
Fitbit reported device shipments down 26 percent year-on-year in the first quarter to 2.2 million, hurt by fewer new product ...

Fitbit launches new Fitbit Charge 4 health, fitness tracker

Published 31 Mar 2020 21:48 CET | World
Fitbit has announced the launch of the Fitbit Charge 4 health and fitness tracker, with features including built-in GPS,  ...

Scripps Research starts wearables study on virus detection

Published 26 Mar 2020 11:16 CET | World
The Scripps Research Translational Institute launched an app-based research programme that will analyse participants' wearable ...

Sharp files patent infringement suits against Oppo

Published 09 Mar 2020 10:00 CET | World
Sharp announced it filed damage lawsuits for patent infringement in the District Court Munich I and District Court Mannheim in ...

US to investigate Fitbit, Garmin, other wearable devices after Philips complains

Published 13 Jan 2020 08:48 CET | United States
The US International Trade Commission will start an investigation of certain wearable monitoring devices, systems, and components ...

Alior Bank launches Garmin Pay, Fitbit Pay

Published 20 Dec 2019 16:47 CET | Poland
Poland Alior Bank has introduced Garmin Pay and Fitbit Pay mobile payment services, reports Telepolis.pl. The service is ...

Wearables market jumps 65% in Q3 to record 45.5 mln units - Canalys

Published 16 Dec 2019 11:10 CET | World
The wearable band market jumped 65 percent year-on-year in the third quarter to a record 45.5 million units sold, propelled by ...

Google takeover of Fitbit to face DOJ scrutiny - report

Published 11 Dec 2019 08:52 CET | United States
Google's proposed acquisition of Fitbit will face scrutiny by the Department of Justice, The New York Post reported. The DOJ ...

Wearable shipments jump almost 95% in Q3 - study

Published 09 Dec 2019 16:10 CET | World
Global shipments of wearables jumped 94.6 percent year-on-year in the third quarter to 84.5 million, following growth of 85 ...

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 ...

Google buys Fitbit for USD 2.1 bln

Published 01 Nov 2019 15:25 CET | World
Fitbit has accepted a takeover offer from Google worth USD 7.35 per share in cash, or a total of USD 2.1 billion. The deal is ...

mBank launches Garmin Pay, Fitbit Pay

Published 31 Oct 2019 11:12 CET | Slovakia
Slovak bank mBank has introduced to customers an opportunity to use the Garmin Pay and Fitbit Pay payment systems, reports ...

Fitbit, Pfizer submit stroke-related detection software for approval by USFDA

Published 18 Oct 2019 11:09 CET | United States
Wearables maker Fitbit has team teamed up with the Bristol-Myers Squibb-Pfizer Alliance to work on the early detection of stroke, ...

Fitbit to move all operations out of China from Jan

Published 09 Oct 2019 18:00 CET | China
Wearables maker Fitbit will be shifting its tracker and smartwatch manufacturing operations outside of China. The moves comes ...

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, FibriCheck to provide heart health detection app in Europe

Published 25 Sep 2019 09:58 CET | Europe
Fitbit and FibriCheck, a health screening and monitoring app, entered a partnership enabling users in Belgium, the Netherlands, ...

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 ...

mBank launches Fitbit Pay, Garmin Pay

Published 28 Aug 2019 14:51 CET | Czech Republic
Czech bank mBank has introduced to its customers an opportunity to use the Garmin Pay and Fitbit Pay payment systems. The ...

Fitbit to provide fitness trackers in Singapore health trial

Published 21 Aug 2019 15:43 CET | Singapore
Fitbit will offer free fitness trackers to Singaporeans as part of an initiative named Live Healthy SG that will be launched in ...

Fitbit cuts outlook after weak smartwatch sales in Q2

Published 01 Aug 2019 11:44 CET | World
Fitbit has lowered its full-year guidance, following disappointing smartwatch sales in the second quarter. Quarterly revenue ...

Pekao Bank supports Garmin Pay, Fitbit Pay

Published 31 Jul 2019 14:27 CET | Poland
Polish bank Pekao has started supporting the Garmin Pay and Fitbit Pay mobile payment systems, reports Telepolis.pl. Customers ...





Calendar   /   Industry Events

22 Sep BIG 5G Event
23 Sep Submarine Networks Wold 2020
23 Sep China SDN/NFV/AI Conference
23 Sep Samsung Galaxy Unpacked event
28 Sep Open Networking & Edge Summit
28 Sep The Edge Event
::: More Calendar Items