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Fitbit Losing $80 Million In 1Q2019, On $272 Million Revenue — Do NOT See The Glory Or Point.

by Anura Guruge


Click to ENLARGE and read here. From ‘marketwatch.com’.


While I appreciate companies play all sorts of ‘games’ when it comes to reporting their income, these Fitbit results definitely appear to tell a story …

Losing $80 Million of $272 Million of sales. That is 29%.

This does not look like a ‘paper’ loss. It would appear that it costs Fitbit more to develop, manufacture, market, sell & support their products than they can recoup in sales.

If that is the case something is wrong. Fitbit must get their cost under control or stop selling their watches at a discount — just to get market share.


Related posts:
Search ‘Garmin’ & ‘Fitbit’


by Anura Guruge

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About Anura Guruge

See 'The Blogger' on my https://nhlifefree.com/ blog.

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