Fitbit Inc (NYSE:FIT) Announces Global Launch Of Latest Wearable Fitbit Charge 3


Fitbit Inc (NYSE:FIT) recently announced the global launch of its latest wearable Fitbit Charge 3. Its initial restricted launch generated a huge response. Some of the unique features of this latest product from the world’s leading brand of wearable include a bigger touchscreen display, swimproof design, and expanded space providing an inductive button.

Fitbit increases its market share with Fitbit Charge 3 global launch

Users can utilize this space for adding more sensors to their device. The product comes with an extended battery life of 7 days. Its price is $149.95 and it is available at all the major retail stores across the world, on the company’s website and online on other e-commerce sites as well.

The initial pre-order sales received a strong response indicating stronger adoptions of this Fitbit Charge 3 device. Rather 54% of the sales until now for Fitbit have come from the loyal and engaged customers of the company who pre-ordered the device and already own two or three devices from Fitbit.

Now that the company has expanded the availability of this device, its market share will increase further. It will consequently also expand Fitbit’s product portfolio. According to the CEO and Co-Founder of Fitbit, James Park, “We’ve seen amazing consumer reception and strong pre-orders for Charge 3, which are even better than Versa in its first six weeks, underscoring why the Charge family has been our most popular product line for the past few years.”

Park further added that Charge 3 is the company’s most innovative product till date that features Fitbit’s most advanced sensor technology and brings the relative SpO2 sensor to the tracker for the first time.

Fitbit helping people to track fitness

After the launch of Fitbit Charge 3 on global platform, the company is ready to come out with another innovation. The company recently revealed its plans to launch a new platform offering personalized coaching called Fitbit Care. The product will help users to keep a track of their fitness plan, manage chronic diseases, and lose weight.

Users can download a special Fitbit Plus app to access this new product. The app will pull health data from sources such as blood pressure monitor or Fitbit.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.