- Reuters, Thursday, August 3, 2017 6:25 PM
Though it beat analysts’ expectations, Fitbit saw revenue fall nearly 40% to $353.3 million in the second quarter. “Once the market leader in wearables, Fitbit has recently struggled with
fierce competition from companies such as Apple Inc and China's Xiaomi,” Reuters notes. The gadget maker also said it was “on track to launch its much-awaited smartwatch for the holiday
season.”
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