Fitbit Fourth Quarter 2016 Results

Thread: Fitbit Fourth Quarter 2016 Results

Results 1 to 4 of 4
  1. #1
    Moderator German Watches Forum
    Join Date
    May 2008
    Posts
    6,007

    Fitbit Fourth Quarter 2016 Results

    For the details read the Fitbit press release. -->
    Fitbit Announces Preliminary Fourth Quarter 2016 Results
    Company announces cost reductions to improve efficiencies and strengthen performance

    "Fitbit is taking direct action to reduce the expense basis of the company
    ...
    Conducting a reorganization of its business, including a reduction in force,
    that will impact approximately 110 employees, constituting approximately
    6% of the company’s global workforce, creating a more focused and efficient
    operating model."


    ---


    Thanks,
    rationaltime

  2. #2
    Member BarracksSi's Avatar
    Join Date
    Feb 2013
    Location
    Washington, DC
    Posts
    17,269

    Re: Fitbit Fourth Quarter 2016 Results

    What's the EMEA market (where they reported 58% growth)?

    Not meeting expectations is one thing, but they still scored 17% growth overall. But it's the remarks about excess inventory which should be worrying.

    I wonder if they really know what they're doing. They have seven different wearables. All they're doing is making it harder to choose. Two of them are basic clip-on trackers; why have two of the same thing?

    I hope this is a misstep:


  3. #3
    Moderator German Watches Forum
    Join Date
    May 2008
    Posts
    6,007

    Re: Fitbit Fourth Quarter 2016 Results

    I think EMEA = Europe, Middle East and Africa


    Thanks,
    rationaltime

  4. Remove Advertisements
    WatchUSeek.com
    Advertisements
     

  5. #4
    Moderator German Watches Forum
    Join Date
    May 2008
    Posts
    6,007

    Re: Fitbit Fourth Quarter 2016 Results

    Quote Originally Posted by BarracksSi View Post
    What's the EMEA market (where they reported 58% growth)?

    Not meeting expectations is one thing, but they still scored 17% growth overall. But it's the remarks about excess inventory which should be worrying.

    I wonder if they really know what they're doing. They have seven different wearables. All they're doing is making it harder to choose. Two of them are basic clip-on trackers; why have two of the same thing?

    I hope this is a misstep:
    I think what they are selling there is fashion. Fashion is a big seller. I don't
    know if that one will have a lot of demand, but I suppose they need to offer
    different styles to find the ones that sell.


    Thanks,
    rationaltime

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

    Similar Threads

    1. WANTED: Fitbit Blaze
      By exelonman in forum WTB - Wanted to Buy
      Replies: 0
      Last Post: November 19th, 2016, 17:41
    2. Well? Did anyone buy a Fitbit Blaze yet?
      By JJEXP in forum Smart Watches
      Replies: 2
      Last Post: April 6th, 2016, 19:20
    3. HRM to complement Fitbit
      By BBQfertig in forum Digital & ABC watches
      Replies: 1
      Last Post: June 22nd, 2013, 00:12
    4. Third Quarter Results are In
      By stevie_b in forum Public Forum
      Replies: 1
      Last Post: October 28th, 2011, 21:47

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •