We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Technology StocksFITBIT - tell us about your device

Previous 10 
From: more1001/25/2017 4:16:21 AM
   of 45
Watch this fitbit stock explode upward after their next earnings report late February. I have been tracking their sales on Amazon and eBay.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: more100 who wrote (40)1/31/2017 9:26:12 AM
From: learnEachDay
   of 45
Watch this fitbit stock explode upward after their next earnings report late February. I have been tracking their sales on Amazon and eBay.

Did you now? It's not like I paid any attention to this, or much of any comment I read here, unless it has a link to something verifiable, but still...

That said, even after a tough quarter FitBit is going to have well over $1 per share in cash.

Most Recent Balance Sheet Cash - $100M FCF / 171M shares

and double to triple that in marketable securities. So a tough quarter or two? Yes, but reports of the end being nigh seem overdone.

It's just picked up some excellent talent from Pebble and now Vector on the cheap. FitBit has the marketing channels, which is what those two lacked. My guess is that a new smart watch product later this year will wow and signal a return to growth.

Share RecommendKeepReplyMark as Last Read

From: more1002/23/2017 4:24:43 AM
   of 45
Saying this stock will never bounce to $8 - $10 levels is crazy. It will reach those levels again. Bag holders over $15 I'm sorry...

Share RecommendKeepReplyMark as Last Read

From: Glenn Petersen4/11/2017 4:41:54 PM
   of 45
Fitbit’s new smartwatch has been plagued by production mishaps

JP Mangalindan
Yahoo Finance
April 11, 2017

Pictured: The Fitbit Blaze, which looks very similar to Fitbit’s upcoming smartwatch, based on an internal presentation deck seen by Yahoo Finance.

Fitbit’s ( FIT) first “proper” smartwatch and first-ever pair of bluetooth headphones are due out this fall after a series of production mishaps delayed the project, Yahoo Finance has learned.

The fitness tracker company’s smartwatch project has been a troubled one. Production problems have forced Fitbit to push an original spring launch to this fall, according to two sources familiar with the matter.

“In one of the more final prototypes, the GPS wasn’t working because the antennae wasn’t in the right place,” one of those sources told Yahoo Finance. “They had to go back to the drawing board to redesign the product so the GPS got a strong signal.”

Fitbit’s design team also ran into problems making its smartwatch fully waterproof, even though that’s a key design element for the Apple Watch Series 2. Indeed, it’s still unclear as of the publication of this article whether the device will launch with the waterproof feature. If it isn’t waterproof, critics may perceive it to be an inferior product to Apple’s — especially given that the device will launch roughly a year after the Apple Watch Series 2.

“Regardless of whether Fitbit manages to make it waterproof, I think they have to release the watch later this year,” one of our sources familiar with the matter told Yahoo Finance. “It’s literally sink or swim time for them.”

A ‘very retro-looking’ smartwatchThe watch, according to the two sources familiar with the matter, will include a color display with 1,000 nits of brightness comparable to the Apple Watch Series 2. It will also sport a built-in GPS chip, heart-rate monitoring, the ability to make touchless payments, the ability to store and play music from Pandora ( P), and four days of battery life between charges. All those features will be housed in an aluminum unibody design, which in true Fitbit fashion, will let users swap watch bands when it hits shelves later this year for around $300.

Yahoo Finance viewed the presentation deck Fitbit showed retail partners like Best Buy ( BBY) and Target ( TGT) behind closed doors. That deck revealed a general design aesthetic that resembles a product in the company’s current product line: the Blaze.

“It was very retro-looking with the lines and stuff — definitely not sexy,” one source told Yahoo Finance. Several employees who saw the design complained about it, the source said.

Fitbit also plans on releasing a pair of Bluetooth headphones alongside the smartwatch, according to Yahoo Finance’s sources. Similar in design to Beats and Apple’s ( AAPL) Beats X earbuds, Fitbit’s earbuds will hang around your neck. Expect them in two colors, which the company has dubbed “Nightfall Blue” and “Lunar Gray.”

A Fitbit spokesperson declined to comment on these details. “We know there is a lot of interest in our entry into the smartwatch category,” the spokesperson said. “We don’t have news to share at this time and do not comment on rumors or speculation.”

The 10-year-old San Francisco-based Fitbit needs the smartwatch to be a hit. The company cut 6% of its workforce earlier this year, and its fourth-quarter revenue plummeted 19% even with the help of the holiday season.

Whether Fitbit’s smartwatch is the device it needs to revive its flagging bottom line remains to be seen.

Share RecommendKeepReplyMark as Last Read

From: Glenn Petersen9/21/2019 9:20:39 AM
   of 45
Fitbit soars as it hires Qatalyst to explore sale

Published Fri, Sep 20 2019 2:13 PM EDT
Updated Fri, Sep 20 2019 4:02 PM EDT
Annie Palmer @annierpalmer
  • Fitbit hires boutique investment firm Qatalyst Partners to explore a sale, according to a person familiar with the matter.
  • Shares of Fitbit climbed 11.7% following the news.
  • No deal is imminent, and Fitbit could choose not to pursue a sale.

A Fitbit display is seen at a Target store in Los Angeles.
Getty Images

Fitbit has hired boutique investment firm Qatalyst Partners to explore a sale, according to a person familiar with the matter. Shares of the wearables company closed up 11.7% on Friday following the news.

No deal is imminent, said the person, who asked not to be named because the process is private. Representatives from Fitbit said the company does not comment on rumors or speculation.

News of Fitbit exploring a sale was first reported by Reuters.

Qatalyst has urged Fitbit to consider a sale of the business for several weeks, saying it could garner interest from the likes of Google and private equity firms, according to Reuters.

The company maintains a foothold in the fitness tracker market but it has stumbled in its recent move to smartwatches. Additionally, Fitbit’s business continues to suffer and it faces steep competition from device makers such as Apple. Fitbit has a market value of about $1 billion.

— CNBC’s Alex Sherman contributed to this report.

Share RecommendKeepReplyMark as Last Read

From: Glenn Petersen10/28/2019 12:45:03 PM
   of 45
Google-parent Alphabet is in talks to buy smartwatch maker Fitbit

October 28, 2019
Lauren Feiner @lauren_feiner
  • Google’s parent company Alphabet made a bid to acquire Fitbit, a source familiar with the matter told CNBC.
  • Fitbit’s stock was halted Monday after surging 18% and resumed trading, up about 27% as of the afternoon.
  • The purchase would pit Alphabet against Apple, which is currently a major player in the health and fitness tracking space with its popular smartwatch.

Google parent company Alphabet made an offer to acquire Fitbit, a source familiar with the matter told CNBC Monday. Reuters first reported that Alphabet made the offer to buy Fitbit. Fitbit’s stock was halted after skyrocketing more than 18%.

The stock resumed trading and was up about 27% Monday afternoon, adding more than $280 million to its market cap to bring it around $1.4 billion. Fitbit shares are now up more than 10% for 2019.

It’s unclear how much Alphabet offered to buy Fitbit.

The deal would make Alphabet a player in the wearable fitness tracking space, competing against the likes of Apple, which recently released a new version of its popular smartwatch. Google licenses its Wear operating system to companies like Fossil, but does not currently make its own smartwatch.

Google has described its hardware strategy as “ambient computing,” meaning users should be able to access its services wherever they are. Buying Fitbit could be a play to make Google services a greater part of customers’ lives and measure up to Apple in the health and fitness space. Google hired former Geisinger Health CEO David Feinberg last year to consolidate its healthcare strategy. The company announced several new hardware products earlier in October, including the new Pixel 4 smartphone.

For Fitbit, support from Alphabet could grant a much-needed boost for the company, which has seen Apple take over about half of the global smartwatch market in 2018 in terms of units shipped, according to Strategy Analytics. In its July earnings release, Fitbit lowered its guidance for the year, citing weaker-than-expected sales of its new lightweight watch.

Representatives from Alphabet and Fitbit were not immediately available to comment.

Share RecommendKeepReplyMark as Last Read
Previous 10