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Fitbit files for $100 million IPO

May 10, 2015

Overall the fitness wearables market is expected to skyrocket over the next several years. A recent Parks Associates study predicts global revenue of connected fitness trackers will rise from last year's more than $2 billion to $5.4 billion by 2019.

However, Fitbit acknowledges that despite potential growth, there are substantial challenges ahead for the fitness device market, including increasing competition from players such as Apple, which just began selling its first-ever wearable.

From the article "Fitbit files for $100 million IPO" by Judy Mottl.

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Fitbit files for $100 million IPO

Previously In The News

One Bot To Rule Them All? Not Likely, With Apple, Google, Amazon And Microsoft Virtual Assistants

Study: IoT Users May Become Comfortable With Sharing Device Data, For A Price

Total Number Of IoT Devices To Reach 46 Billion By 2021: Research

For years, Amazon ruled the smart speaker market. Now the crown is slipping

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