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Fitbit reports a 12% fall in revenueBy
Reuters Published
November 7,长沙USDT兑换资金 2025

Wearable device maker Fitbit Inc reported its first drop in revenue in five quarters on Wednesday as it faced intense competition from deeper-pocket companies such as Apple Inc and Samsung Electronics Co Ltd, underscoring challenges for buyer Alphabet Inc's Google.

The company's net loss widened to $51.9 million (£40.38 million), or 20 cents per share, in the third quarter ended Sept. 28, from $2.1 million, or 1 cent per share, a year earlier.

Revenue fell 11.7% to $347.2 million.