Fitbit Inc (FIT.N)
13 Dec 2018
Wearable device maker Fitbit Inc reported a surprise third-quarter adjusted profit on Wednesday, driven by its fast-growing smartwatch business that contributed to nearly half of its total revenue.
* Sells 3.5 mln devices in Q3 (Updates share price; Adds CEO comment, details on result, background)
Oct 31 Wearable device maker Fitbit Inc reported a slight rise in third-quarter revenue on Wednesday, driven by its aggressive push into the smartwatch market.
(This version of the Oct. 23 story corrects paragraph 4 to say McNamara is current Flex CEO rather than former Flex CEO)
Oct 23 A group of former executives from Autodesk Inc and Flex Ltd has raised $179 million in venture capital for a manufacturing startup that aims to use a combination of robots and new software to remove much of the manual labor from manufacturing electronic devices.
The United States will spare Apple Inc's Watch and other consumer gadgets from the latest round of tariffs on Chinese goods, according to a list of products released by the U.S. Trade Representative (USTR) on Monday.
* US to impose 10 pct tariffs on some $200 bln Chinese imports
WASHINGTON, Sept 17 U.S. President Donald Trump said on Monday he will impose 10 percent U.S. tariffs on about $200 billion worth of Chinese imports, but he spared smart watches from Apple and Fitbit Inc and other consumer products such as bicycle helmets and baby car seats.
Fitbit shares fall sharply, while Garmin sheds gains after Apple launches Apple Watch Series 4.
Fitbit Inc on Wednesday outpaced Wall Street estimates for quarterly results as its strategy of adding smartwatches to its product line got a boost in the second quarter with higher sales for 'mass-appeal' Versa.