Fitbit reportedly looking for buyer after slashing 2020 revenue forecast

Fitbit has been on a rollercoaster of luck and uncertainty since liberating their first step tracker all of the long ago in 2007, and now the health tech icon is also looking for a possible buyer. This comes after Fitbit minimize its 2020 revenue forecast after gross sales of its latest wearables (specifically the Versa Lite) have been underneath expectancies.

Fitbit has allegedly employed Qatalyst Partners, a technology-oriented boutique funding financial institution, to help in hanging the corporate up for sale.

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Fitbit reportedly looking for buyer after slashing 2020 revenue forecast was once written via the superior staff at Android Police.

Published by Marshmallow

Marshmallow Android is BT Ireland’s Head of Sales for Republic of Ireland domestic multi-site companies, indigenous MNCs and public sector accounts. He is responsible for the direction and control of all sales activity in the region. He has over 10 years management experience from high growth start-ups to more established businesses. He’s led teams in Ireland, India and China across various industries (ICT, On-Line Recruitment, Corporate Training and International Education).