Fitbit: Performance and Demand Indicators Weaken Further
Analyzing web crawled data we show estimates of Fitbit’s market share declined significantly in Q1’18. Google search data has remained weak indicating that demand for the new Versa smartwatch is soft.
Eagle Alpha Insight
Our data supports current market expectations for a weak performance in Q1’18 YoY revenues. End demand appears to be soft and could pressure sales further in 2018.
Fitbit is a technology company focused on delivering health solutions. The Fitbit platform combines wearable devices with software and services. The company's wearable devices, which include health and fitness trackers and smartwatches, enable its users to view data about their daily activity, exercise and sleep in real-time. The company's software and services, which include an online dashboard and mobile app, provide its users with data analytics, motivational and social tools, and virtual coaching through customized fitness plans and workouts. The company's platform also includes software that helps to encourage healthy behavior changes in three areas: activity, sleep, and nutrition.
Company Overview
Eagle Alpha is focused on solving the challenges that asset managers face when working with alternative data. The Eagle Alpha solution has six parts:
TEACH-IN
Teach-ins educate our clients to enable them to catch up with the innovators and early adopters in the alternative data field.
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Analytical Tools enable clients to obtain proprietary analytics on 90 million data sources for research into items like product launches and elections. In addition, we have a proprietary algorithm that enables clients to build databases of experts.
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Data Sourcing keeps clients on top of the world’s alternative datasets and ensures they do not miss out on the best datasets.
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