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Fitbit falls short on holiday- quarter revenue forecast

Friday, November 4, 2016 - 05:50

Fitbit is the leader, according to research firm IDC, in the fast-growing market for wearable devices.


WEARABLE fitness device maker Fitbit Inc's revenue forecast for the key-holiday shopping quarter fell well short of analysts' estimates, hurt by soft demand and battery issues with one of its new wristbands.

Shares of the company, which also reported lower-than-expected

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