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Fitbit Sees Strong Demand for New Smartwatch

Fitbit announced this week that its recently-launched Versa smartwatch is off to a strong start and has outsold Samsung, Garmin and Fossil smartwatches combined in North America.

This revelation came as part of the wearable firm’s quarterly earnings report, in which Fitbit posted a net loss of $118 million on revenues of $299 million, beating expectations.

“Our performance in Q2 represents the sixth consecutive quarter that we have delivered on our financial commitments, made important progress in transforming our business, and continued to adapt to the changing wearables market,” Fitbit co-founder and CEO James Park said in a prepared statement.

Thurrott

The Versa is amazing I just don’t like the look for it.

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