Fitbit growth

Move gnQuna777
Jun 27 7 Comments

The Fitbit stock hit a 52 week low today.

What kind of development/innovation work is going on there? Will the stock rise again for valid growth-related reasons?

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TOP 7 Comments
  • Fitbit CGnh58
    The company is moving to a software recurring business model, they don't care about trackers much anymore other than a gateway into the app.
    Jun 28 1
    • Rockwell Collins sami4
      It's been teased for some time. When will this new software model publicly available?
      Jun 28
  • Move gnQuna777
    OP
    I agree on the first point that people buy and never upgrade. I was gifted one and I used it for a month and have forgotten about it since. On the other hand, I have seen a lot of friends buying Apple and Samsung watches. Maybe my sample is biased as I am in tech and so are my friends.
    Jun 27 0
  • With market flooding with $10 fitness trackers, it is going to be hard. I saw many non-tech folks wearing them and making fun of expensive apple watch and fitbits 🙄
    Jun 27 0
  • eBay usergan
    the software development took them for years and still not even close
    Sep 27 0
  • New
    $oops

    New

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    Restoration Hardware
    $oopsmore
    Leaning towards software or trackers, there seems to be a potential acquisition by a big company.
    Jul 17 0
  • Google / Eng wBND06
    It's a tiny market niche and way too much competition. What % of people own these things? & when is the last time you saw someone actively using theirs? People buy a fit bit and then never upgrade or save money and buy a Chinese knockoff
    Jun 27 0