The organization is on the right track to complete that plan, Leader James Park stated on the publish-earnings call.
The fitness-focused Apple Watch, that Fitbit’s devices compete, reported a 50 % boost in sales within the iPhone maker’s latest quarter.
Fitbit is walking up efforts to lessen operating costs because it looks to show round the business and it has known as 2017 “a transition year”.
Reporting by Amy Caren Daniel and Ismail Shakil in Bengaluru Editing by Anil D’Silva
The fitness-band maker’s revenue fell nearly 40 % to $353.3 million within the second quarter ended This summer 1, but arrived above analysts’ estimate of $341.six million.
Excluding products, the organization published a loss of revenue of 8 cents per share, much smaller sized than analysts’ average estimate of 15 cents.
When the market leader in wearables, Fitbit has lately battled with fierce competition from companies for example Apple Corporation and China’s Xiaomi Corporation.