Fitbit sales leadership isn’t reflected in stock performance
In the video above, Fitbit CEO James Park addresses an interesting dilemma for Fitbit, as the company’s stock price has under-performed since its IPO. The company is a leader in its space as the top fitness tracker on the market, and the Apple Watch hasn’t dented its momentum. It’s also in the exploding wearables category, which offers huge potential growth. But skeptics haven’t rewarded the company with increases in the stock price. Park explains that there is some concern that the company is just a one-product company.
Posted in: accessories, Cool Gadgets, Lifestyle
Tags: Fitbit, gadgets business, wearables