A published report Fitbit for the third quarter of 2016, revenue grew by 23%, profit down 43%

The company Fitbit has just published a report for the last quarter. The reporting period brought the leader of the market of smart bracelets for fitness an income 503,8 million dollars. It on 23% more than in the third quarter of 2015, when revenue amounted to Fitbit 409,3 million dollars. It is noteworthy that the operating and net profit for the year significantly decreased, from 67,3 to 44.5 million dollars and from 45.8 to 26.1 million dollars, respectively.

The drafters of the report indicate that sales in the United States provided 72% of the quarter’s revenue. In EMEA, which includes Europe, middle East and Africa, accounting for 16%, Asia Pacific — 7%. In the United States income for the year increased by 33%, in EMEA by 64%, and revenue in Asia Pacific decreased by 45%.

The main events of the quarter the report was referred to the announcement of the Fitbit Flex device 2 and Charge 2.

Source: Fitbit



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