Fitbit Stock Drops 13% on Q4 Earnings Miss
The wearables company's new Ionic smartwatch didn't meet its holiday expectations as fitness tracker sales dropped 17%.
Fitbit’s Profits Hit By Manufacturing Problems
While revenue increased 23% year-over-year to $503.8 million, earnings fell well short of second-quarter expectations.
Jawbone Laying Off 15% of Workforce
The wearable devices maker has been facing stiff competition in a fitness tracker market dominated by Fitbit and Xiaomi.