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Fitbit losing to Apple, Xiaomi in wearable-device race

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Fitbit Inc fell to third place in the wearable-device market in the first quarter, losing out to rival connected watches and fitness bands from Apple Inc and Xiaomi Corp.

New York

FITBIT Inc fell to third place in the wearable-device market in the first quarter, losing out to rival connected watches and fitness bands from Apple Inc and Xiaomi Corp.

Fitbit's share slid to 12 per cent of all unit sales from 23 per cent a year earlier, according to

sentifi.com

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