Smartwatch sales in the second quarter accounted for about 55 percent of its total revenue of $299.3 million, which beat estimates of $285.4 million. Fitbit, which is popular for its colorful fitness trackers, is a late entrant to the smartwatch market and has been facing stiff competition from tech players with deeper pockets such as Apple Inc (AAPL.O) and Samsung Electronics . Versa smartwatch outsold Samsung, Garmin and Fossil smartwatches combined in North America in the quarter, Chief Executive Officer James Park said in a statement. …read more
Source:: Yahoo Finance
