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Fitbit sales fall 41%, but beat low projections amid fierce competition

Fitbit forecast sales in the current period of US$330 million to US$350 million, compared with estimates of US$350.1 million.

New York

FITBIT Inc gave investors some much-needed good news, reporting revenue that beat projections and suggesting it's finally making progress in its transformation from a maker of step-counting gadgets to essential health-monitoring tools.

The hardware maker's profitability

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