Finally,
wearable maker Fitbit also disappointed with its upcoming quarter forecast and its shares were down 6 %.
Struggling
wearables maker Fitbit released its first true smartwatch, impressing investors a little bit.
Not exact matches
Fitbit and Chinese low - cost gadget
maker Xiaomi tied for first place with 3.6 million
wearable devices shipped in the quarter.
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.
Wearable device
maker Fitbit forecast current - quarter revenue below Wall Street estimates on Wednesday.
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.
Wearable device
maker Fitbit Inc. said on Wednesday that it had bought smartwatch
maker Pebble's software and intellectual property.
(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.
By Shariq Khan (Reuters)-
Wearable device
maker Fitbit Inc forecast current - quarter revenue below Wall Street estimates on Wednesday as the company expects further sales declines...
Stocks in the red include
Fitbit, as the
wearables maker issued a weaker - than - expected current quarter guidance; Spotify as the streaming service missed on earnings but reported subscription numbers that were below expectations; and Tesla, with shares dropping despite an earnings and revenue beat, as cash burn hit $ 1 billion last quarter and CEO Elon Musk criticized analysts, and took questions from a YouTuber in a bizarre earnings call.
The question is whether the lower - priced Versa will help
Fitbit regain some of its steam in the smartwatch market, having just ceded the title of number one US
wearable maker to Apple and coming off a disappointing holiday earnings report.
Fitbit, the leader in the
wearables category, is close to an agreement to buy struggling smartwatch
maker Pebble for up to US$ 40 million, in a move to gain the firm's intellectual property and software.
Fitbit's shiny new Ionic smartwatch was supposed to help the struggling
wearables maker get back on top for the holidays, but it's looking like a grim reckoning may be coming for the company next year instead.
The dispute comes at a sensitive time for the overall
wearables market, with
Fitbit having just agreed to acquire struggling smartwatch
maker Pebble, reportedly for US$ 40 million.
Brian: The new fitness features of the Apple Watch place the product in more direct competition with
Fitbit, the largest
wearables maker.
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.
It looks consolidation is acoming to the
wearables space with
Fitbit set to acquire smartwatch
maker and multi-million-dollar Kickstarter - darling Pebble, according to a report from The Information.
This marks the first time Apple has unseated
Fitbit for the crown, and there has been quite a shakeup throughout the ranks of the
wearable makers.
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.
The
Fitbit Ionic is the fitness
wearable makers first true smartwatch, but at # 300 it's a pretty pricey thing to have, especially for a platform that's still building out.
Fitbit, the
maker of popular fitness tracking
wearables, on Thursday filed its initial public offer (IPO) on the New York Stock Exchange with an initial aim to raise $ 100 million.
The
Fitbit Surge puts the
wearable maker another step closer to a full - fledged smart watch.
Wearable health band
maker Fitbit is in the process of developing a Windows 8.1 application for its popular smartbands.
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.
Aside from
Fitbit and Pebble, the top
wearable makers come in at the very high end (Apple), very low end (Xiaomi), or specialized (Garmin).
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.
There are other obstacles to consider too, like getting people to actually wear a device on a consistent basis — something that
Fitbit, and most other
wearable makers, have struggled with in the past.