3 ms·
11M is just the cost of doing business. Fitbit makes 1.6 billion a year.
by dartos 3y ago
11M is just the cost of doing business.
Fitbit makes 1.6 billion a year.
- ritzaco 3y agoThis was for 58 customers though, so it sends a solid message I think
- ceejayoz 3y agoNot in Australia (population ~25M), they don't. https://www.statista.com/statistics/1036011/apac-annual-revenue-fitbit/ https://www.statista.com/statistics/1036011/apac-annual-reve... This is about 10% of their total annual APAC revenue. Not insignificant.
- lotsofpulp 3y agoNet income (profit) would be the correct number to compare an additional expense for figuring out how much it “hurts”. Of course, they are owned by Alphabet, so ultimately, $11M is pocket change. Also, where do you see current Fitbit figures? Alphabet does not break them out in their annual or quarterly reports. https://abc.xyz/assets/9a/bd/838c917c4b4ab21f94e84c3c2c65/goog-10-k-q4-2022.pdf https://abc.xyz/assets/9a/bd/838c917c4b4ab21f94e84c3c2c65/go... https://abc.xyz/assets/c2/3e/0d6d568e4f56a1d14ca6b70c3443/goog-10-q-q3-2023.pdf https://abc.xyz/assets/c2/3e/0d6d568e4f56a1d14ca6b70c3443/go...
- chris_wot 3y ago$11 million loss for 58 Fitbits. That's a brilliant way of doing business.