0
Wireless

FitBit sells less wearables, moves to loss in Q1

Thursday 4 May 2017 | 09:43 CET | News
Always wanted to know everything about the Dutch Telecoms market? Then the online Masterclass Introduction Dutch Telecom market is for you! Please enroll here!
FitBit's first quarter revenues declined sharply from the year before, sinking to USD 298.9 million from 505.4 million. The gross margin also decreased, to 39.6 percent from 46.3 percent. Revenues especially fell in the US, down 52 percent to USD 170 million. By contrast, EMEA recorded sales growth of 17 percent.

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
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 revenues fall in Q2 on less units sold

Published 03 Aug 2017 16:50 CET | World
Revenues in the quarter still declined sharply from the year before, though slower than the drop seen in the previous quarter and ...

Xiaomi outsells Fitbit and Apple to lead wearables market in Q2

Published 03 Aug 2017 13:59 CET | World
Just three months after Apple surpassed Fitbit to become the leading global vendor of wearables, Xiaomi has now overtaken both ...

Fitbit schrijft rode cijfers in Q2

Published 03 Aug 2017 07:31 CET | World
Fitbit heeft in het tweede kwartaal van dit jaar een omzet gerealiseerd van 353,3 miljoen dollar, een daling van 40 procent ten ...

Wearables market to nearly double by 2021 - study

Published 22 Jun 2017 11:24 CET | World
Wearables vendors will ship a total of 125.5 million wearable devices in 2017, marking a 20.4 percent increase from the 104.3 ...

Fitbit to hire 160-170 more staff at R&D centre in Bucharest

Published 11 Apr 2017 14:37 CET | Romania
Wearables specialist Fitbit decided to extend the number of employees of its R&D centre in Bucharest to 200 from the existing ...

Fitbit makes changes to leadership team

Published 07 Mar 2017 13:16 CET | World
Fitbit announced changes to its senior leadership team. The company promoted VP of Engineering, Samir Kapoor, to SVP of Device ...

Fitbit sees sales slowing further in Q1

Published 23 Feb 2017 15:19 CET | World
Fitbit has warned of a slowdown in sales due to tough competition in the market for fitness tracking bands. The company forecast ...





Calendar   /   Industry Events

19 Oct Capacity Europe 2020
20 Oct Tele2 Q3 2020
20 Oct A1 Telekom Austria Group Q3 2020
20 Oct Netflix Q3 2020
20 Oct Calix Q3
20 Oct Snap Q3
20 Oct America Movil Q3 2020
20 Oct 6G Symposium
21 Oct Telia Q3 2020
21 Oct Crown Castle Q3
21 Oct Netgear Q3 2020
21 Oct Ericsson Q3 2020
21 Oct Telenor Q3 2020
21 Oct DNA Q3 2020
21 Oct Verizon Q3 2020
22 Oct STMicroelectronics Q3 2020
22 Oct VeriSign Q3 2020
22 Oct AT&T Q3 2020
22 Oct Rogers Q3 2020
22 Oct Verimatrix Q3 2020
22 Oct Econocom Q3 2020
22 Oct Nordic Entertainment Q3 2020
22 Oct Limelight Networks Q3 2020
22 Oct Intel Q3 2020
23 Oct Doro Q3 2020
23 Oct Airtel Africa H1 results
23 Oct Orange Belgium Q3 2020
26 Oct Harmonic Q3 2020
26 Oct Alphabet Q3 2020
26 Oct CCW Europe 2020
::: More Calendar Items