Fitbit Q1 to sell 2 million 200 thousand wearable devices is expected to further decline

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 Fitbit Q1 to sell 2 million 200 thousand wearable devices is expected to further decline


NetEase news May 3rd, according to Reuters, Fitbit, a wearable device maker, predicted that its second quarter revenue would be lower than analysts expectations on Wednesday because the company expects its fitness tracking equipment to decline further. In the post office trading of the NYSE on Wednesday, Fitbit fell 5.45% to $5.20. The company sold 2 million 200 thousand devices in the first quarter, and according to a survey by financial data analysis firms FactSet, analysts had expected an average of 2 million 330 thousand units. As consumer preferences turn to more advanced equipment, the decline in sales of health tracking equipment is true, especially in the first quarter, Fitbit CEO James Parker (JamesPark) said at a financial conference call conference. In April this year, the company launched the smart watch Versa worldwide, hoping that this smart watch could be more attractive than its existing tracking device. Of the first quarter revenue, 34% of Fitbit came from new products launched in the past year, but failed to offset the decline in sales of old fitness tracking equipment. According to Thomson Reuters data, Fitbit expects revenue in the second quarter to be between $275 million and $295 million, below analysts expectations of $309 million 900 thousand. In the first quarter of March 31st, the companys net loss expanded to $80 million 900 thousand in the first quarter of 2018, up from $60 million 100 thousand in the same period last year. After adjustment, the company lost 17 cents per diluted share in the first quarter, less than the expected 19 cents. Fitbits first quarter revenue was $247 million 900 thousand, down 17% from a year earlier, but higher than expected $247 million 300 thousand. (Liu Chun) source: NetEase science and technology report editor: Wang Fengzhi _NT2541 Of the first quarter revenue, 34% of Fitbit came from new products launched in the past year, but failed to offset the decline in sales of old fitness tracking equipment. According to Thomson Reuters data, Fitbit expects revenue in the second quarter to be between $275 million and $295 million, below analysts expectations of $309 million 900 thousand. In the first quarter of March 31st, the companys net loss expanded to $80 million 900 thousand in the first quarter of 2018, up from $60 million 100 thousand in the same period last year. After adjustment, the company lost 17 cents per diluted share in the first quarter, less than the expected 19 cents. Fitbits first quarter revenue was $247 million 900 thousand, down 17% from a year earlier, but higher than expected $247 million 300 thousand. (Liu Chun)