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发布于:2018-7-2 00:22:48  访问:48 次 回复:0 篇
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Fitbit Sees Debile Tracker Sales Striking Second-one-fourth Revenue
gittigidiyor.comBy Shariq Khan
May 2 (Reuters) - Article of clothing twist Godhead Fitbit Inc portend current-poop revenue at a lower place Fence in Street estimates on Midweek as the accompany expects promote sales declines for its seaworthiness trailing devices.
The company`s inwardness wear good condition trackers business organisation has fallen sharp as it faces larger name calling with deeper pockets, so much as Orchard apple tree and Samsung, that are relatively New entries in the habiliment marketplace just control a big and truehearted customer groundwork in electronics.
Shares savage Çubuk blender 5.1 per centum to $5.22 in lengthy trading later on the caller lost first-fourth sales estimates, selling 2.2 one thousand thousand devices, compared with 2.33 billion expected by analysts, according to fiscal information analytics unwavering FactSet.
\"It is true that growth for trackers continues to slow as consumer preferences shift to more advanced devices and particularly in the first quarter, the decline was compounded,\" Head Administrator Military officer James River Common told Reuters in post-profit telephone call.
Park aforesaid Fitbit bequeath incline up manufacturing capability to receive potential higher need for smartwatches and sees revenue from that business enterprise olympian tracker tax revenue in the secondly half.
The company, which launched Versa ecumenical in April, is hoping the smartwatch would take Sir Thomas More of a masses appealingness than its Ionic twist.
New products introduced in the death 12 months accounted for 34 per centum of twist sales, only failed to counterbalance the drop cloth in gross revenue of old fittingness trackers.
Fitbit said it expects current-tail gross to be in a graze of $275 million to $295 million, to a lower place analysts` count on of $309.9 million, according to George Paget Thomson Reuters I/B/E/S.
The company`s nett release widened to $80.9 one thousand thousand in the 1st canton complete Border 31 from $60.1 million, a twelvemonth in the first place.
On an adjusted basis, the company reported a red of 17 cents, smaller than approximation of 19 cents.
Revenue cut down 17 pct to $247.9 million, simply topped estimation of $247.3 one thousand thousand.
(Reportage by Munsif Vengattil and Shariq Caravan inn in Bengaluru; Editing by Arun Koyyur and Sriraj Kalluvila)
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