Wearable fitness device maker Fitbit Inc's profit forecast for the current quarter fell far short of analysts» estimates, overshadowing a strong first - quarter report, sending the company's shares down 13 per cent in after - hours trading.
Not exact matches
While neither brand has made a huge dent in
wearable sales — at least compared with
devices like the Apple Watch and Fitbit's various products — this news could hint at certain trends among
makers of smartwatches and
fitness bands.
The
fitness tracker
maker announced on Monday that it would use Google's recently announced health data standards for apps, known as the Google Healthcare API, to connect its
wearable devices to the electronic medical records systems used by doctors and hospitals.
As well as working with Opening Ceremony, Intel in March bought
fitness bracelet
maker Basis Science and it has teamed up with watch retailer Fossil Group to develop other
wearable computing
devices.
Wearable device maker Fitbit forecast current - quarter revenue below Wall Street estimates on Wednesday as the company expects further sales declines for its
fitness tracking
devices.
(Reuters)- Shares of Fitbit Inc (FIT.N), a
maker of popular
wearable fitness - tracking
devices, ran up as much as 60 percent in their debut, valuing the company at $ 6.5 billion.
China's Huami, which makes connected
wearable devices including
fitness - tracking bands for smartphone -
maker Xiaomi, submitted a prospectus for an initial public offering on Jan. 12.
Fitness device maker Fitbit Inc., is reportedly inching closer toward its acquisition of Pebble Technology Corp., the
wearable startup, in a move that will bolster the former's growth and help it compete better with rival Apple Inc..
Wearables -
maker Fitbit offers a range of
devices with a strong focus on
fitness, but there's a strong indicator the company will soon strengthen its health features.
Fitbit, the company which is very popular for its
fitness wearable devices in the market earlier announced its successful acquisition of yet another popular smartwatch
maker Pebble.
The popular
fitness tracker, wireless - enabled
wearable technology
devices maker Fitbit has now launched the new Ionic smart watch.
Fitbit, the
maker of a popular line of
wearable fitness - tracking
devices, on Thursday filed for an initial public offering worth up to $ 100 million.
Fitness wearables maker Polar has announced the A360, its first wrist - worn
device that features optical heart - rate monitoring.