MobiHealth News November 7, 2019
Fitbit’s year-over-year device sales flatlined in Q3 2019, which combined with lower sales tag prices drove a decline in revenue, according to the wearables maker’s latest quarterly earnings.
The reporting — which was bereft of an investor’s call, Q&A and any forward-looking statements due to the company’s pending acquisition — is the latest look at a wearables business Google apparently values at $2.1 billion.
TOPLINE
Many of the results this quarter were in line with the performance trends Fitbit has been signaling as of late. The company sold 3.5 million devices during Q3 2019, an amount that, while roughly on par with last year’s Q3, does bring calendar year 2019 device sales to a higher total of 10 million (compared...
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