Fitbit weekly roundup. Q4 Results miss analysts' estimates, release date for Fitbit Ionic: Adidas edition announced and leaked images of their next smartwatch appear. This week Fitbit revealed fourth-quarter revenue of $570.8 million for the 2017 holiday season, down from $573.8 million from the previous year, which missed analysts estimates of $588.1 million. Fitbit ended the year with $1,615.5 billion in revenue, down from $2,169.5 billion when compared to 2016. Fitbit, is being squeezed by cost-effective fitness trackers from the likes of Xiaomi with its Mi Band 2, and of course...
Source: https://www.gsmarena.com/fitbit_adidas_ionic_launch_date_announced_and_new_product_incoming_-news-29900.php
