A sign that the market for fitness trackers might be reaching its saturation point, or at least losing a little bit of its steam: Fitbits stock price fell hard, dropping by 30 percent today after the company announced it was about $3 million short of its third quarter revenue goals. While Fitbit did experience some revenue growth over the quarter, its net income was around $26 million, compared to $46 million for the same period last year.
Fitbit debuted two new devices — the…Read more
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