Fitbit

By Brian Dolan 07:09 am August 27, 2015
During a campaign stop in Iowa this week, former Secretary of State Hillary Clinton touted the importance of telemedicine, Politico reported this morning. The entire speech is available from Clinton's campaign, but here's the relevant passage: "And we also need to do better on health care. Decades ago, I led a commission on rural health in Arkansas that worked on increasing access in remote parts...
By Brian Dolan 09:56 am August 19, 2015
Entrada's mobile app Every year Inc. Magazine manages to convince thousands of private companies to divulge their otherwise closely held financial data to the publication in exchange for a chance at placing on the annual Inc 5,000 and Inc 500 fastest growing private companies in America lists. While we're not in the habit of reporting on awards, Inc's is based on hard data, albeit self-...
By Jonah Comstock 09:40 am August 11, 2015
Katherine Morley makes a donation at the Hirsh Library at Tufts. Last year when Endeavor Partners published a study showing that a third of wearable activity tracker users consign their device to the sock drawer within six months, most people saw it as a fatal flaw in the activity tracker trend. But Lisa Gualtieri, an Assistant Professor of Public Health and Community Medicine at Tufts...
By Aditi Pai 09:27 am August 6, 2015
Fitbit Surge Fitbit sold 4.5 million activity tracking devices in the second quarter of 2015, resulting in revenue of $400 million, Fitbit CEO James Park reported in the company's second quarter earning call. He added that this compares to revenue of $114 million in the same period last year and represents year-over-year growth of 250 percent. Since first launching, Fitbit has sold over 25...
By Jonah Comstock 10:50 am July 14, 2015
Fitbit CEO James Park Forget everything you thought you knew about Fitbit. According to founder and CEO James Park, speaking to Forbes International Editor Brian O'Keefe at a recent Forbes event, Fitbit doesn't see itself as a hardware company or a wearable company, but rather as a consumer health and wellness company that happens to sell wearables -- for now. "While press and analysts focus...
By Jonah Comstock 09:04 am July 9, 2015
Jawbone's beef with competitor Fitbit is heating up, according to a report from Bloomberg. Jawbone is apparently trying to get the US International Trade Commission to block Fitbit's imports into the US based on the same complaints that form the basis of its two recent lawsuits against Fitbit. "Complainants seek relief from the Commission in the form of a limited exclusion order excluding from...
By Aditi Pai 10:39 am July 8, 2015
In the past week, a few companies with wristworn activity tracking devices, Withings, Xiaomi, Jawbone, and Misfit, have announced new features or accessories for their trackers. Last week, Jawbone announced that the UP4, which was first announced in April, is now available and shipping in the US from the company's website. The UP4, which costs $199, has an American Express NFC-enabled payment...
By Aditi Pai 09:30 am June 30, 2015
The commercial availability of the Apple Watch has not significantly affected Fitbit's sales, according to a report from Slice Intelligence, which aggregates data from online e-receipts. The company says it collects data from a panel of more than 2.5 million online shoppers. Although the Apple Watch is a smartwatch and not a dedicated fitness device, like Fitbit's devices, when Apple first...
By Aditi Pai 05:18 am June 16, 2015
Just days before its expected IPO, San Francisco-based Fitbit disclosed in another amended SEC filing that it will increase the price of its shares to between $17 to $19, which would see the company itself raising up to $425 million in its IPO. Its current stockholders would stand to make $230 million if it is priced at the high end of its range -- for a total IPO worth upwards of $655 million....
By Aditi Pai 03:46 am June 13, 2015
Of wearable fitness device makers, Fitbit spent the most on advertising its devices last year, investing $21.6 million, according to a recent report from Kantar Media. Garmin and Samsung were both not far behind Fitbit in advertising spend. Garmin spent $18.7 million and Samsung spent $11.6 million. After the top three spenders there's a significant drop in amount spent: Nike spent $3.2 million,...