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Wireless

Fitbit revenues fall in Q1 as tracker sales decline, smartwatches forecast to help from H2

Thursday 3 May 2018 | 09:49 CET | News
Wearables maker Fitbit released a mixed bag of results for the first quarter, as the company continues its diversification towards smartwatches. The company expects smartwatch revenue will make up the largest proportion of sales in the second half of the year. For the first quarter, revenues fell in line with guidance to USD 247.9 million from 298.9 million the year before on the back of less fitness trackers sold. The net loss widened to USD 80.9 million or 0.34 per share, from a loss of 60.1 or 0.27 per share. The EBITDA loss narrowed to USD 46.2 million from a loss of 52.3 million while

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Categories: Mobile & Wireless
Companies: Fitbit
Countries: World
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