A Huge Raise In Fitbit's Stock Price!
Upcoming Device

A Huge Raise In Fitbit's Stock Price!

Versa surpassed Garmin, Fossil, and Samsung smartwatches.

https://dk2dyle8k4h9a.cloudfront.net/A Huge Raise In Fitbit\'s Stock Price!

The stock price of Fitbit, an American company, has jumped in after-hours trading and is currently trading approximately $6.00 a share, off its 52-week intraday high of $7.79. Today, the organization announced its quarterly numbers that saw the average trading price of its wearables enhance 6% year-by-year to $106 per device. All the new devices that are introduced in the last year stated 59% of the organization’s total revenue. 

The device, proved high-point for Fitbit’s raised stock price, is Fitbit Versa. The company expressed happiness in announcing that its higher-evaluated wearable exceeds Samsung, Fossil, and Garmin smartwatches joined in North America. 

James Park, the co-founder, and CEO of Fitbit have shared his thoughts and said, “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. Demand for Versa, our first ‘mass-appeal’ smartwatch, is very strong. Within the second quarter, Versa outsold Samsung, Garmin and Fossil smartwatches combined in North America, improving our position with retailers, solidifying shelf space for the Fitbit brand and providing a halo effect to our other produ?t offerings.” “Early sell-through of Fitbit Versa, our first true mass appeal smartwatch, has been the best in our company’s history, positioning us to expand our user base and capture the greater share of the fast-growing smartwatch market," Fitbit co-founder and CEO James Park said in a press release,” he added further. 

The stock price of Fitbit rallied earlier this summer and hit $7.79. This was indeed the highest selling price since early 2017. Talking about the stock, it has been slipping for a long time. However, this current quarterly release could result in the jumped prices once again, bringing a hope for Fitbit organization. 

You may also like:

Fitbit Ionic Review
Acer Leap Ware Review
Apple Watch Edition Series 3 Review

MAD Team
Written By
MAD Team

MobileAppDaily host a team of experienced technical writers, industry wizards, and app experts who have an exact knack of content that caters to the needs of the mobile app targeted audience. We strive to bring you the best of tech!

Top Companies

InMobi
Singapore
Dot Com Infoway
New York, USA
M&C Saatchi Mobile
New York City, USA
Techmagnate
New Delhi, India
Fetch
London, UK
View full report

Latest Articles

Join our global community 135K Followers
Upcoming Device

Nokia 7 Plus Available For Preorder, Know Specification, Price And Shipping Date

MAD Team 4 min read  

Nokia, the Finland based smartphone maker who apparently came from the dead with the launch of its new generation smartphone is ready to offer another masterpiece. The company announced the Nokia 7 Plus smartphone back at MWC 2018 ad the device is available for pre-orders with the shipping starting

Upcoming Device

OnePlus 7 Leaks, Rumors, Specifications, And Release Date

MAD Team 2 min read  

As the time of OnePlus 7 launch is coming close, we are getting a better picture of the smartphone. The leaked high-quality renders and photos of OnePlus 7 are out and again we have got a peek of the handset.The new OnePlus leaked images are shared by @Sudhanshu1414 on Twitter. As reported, the

Upcoming Device

Xiaomi Redmi Y2 Release Date, Price And Specifications

MAD Team 4 min read  

Xiaomi, the smartphone manufacturer that is ruling the Indian market since last quarter of 2017 by replacing Samsung is ready for another budget-friendly phone. The company launched Redmi Y1 back in November 2017 that turned out to be a huge success for Xiaomi. The pocket-friendly smartphone with po

Upcoming Device

Apple Watch 4 Release Date, Price, Specifications And Rumours

MAD Team 4 min read  

Apple never ceases to work on its product for making them smarter and better and every year it launches the new version of its products. The Apple Watch 3 was launched by the company in September 2017, which is the best smartwatch to date. Among all the available smartwatch in the market, Apple Watc