A bigger loss for Fitbit on 15% lower sales

2018-08-07T00:00:00

The net loss of $118.3 million booked by Fitbit for the second quarter of this year was more than double as high as the year-earlier loss of $58.2 million, as the company's shift from wrist trackers to smartwatches has not yet been completed. Strong sales of its new Versa smartwatch ...

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