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With revenue tripling every year and projected net income around or over 200M this year, I wouldn't be surprised if Fitbit was valued at a P/E over 50. They wou
by ucha 11y ago
With revenue tripling every year and projected net income around or over 200M this year, I wouldn't be surprised if Fitbit was valued at a P/E over 50. They would be worth $10+ B which is a huge surprise to say the least.
- snomad 11y agoGoPro currently has a P/E of 65. (Somewhat similar in that it is a niche product focused on one activity).
- visarga 11y agoThey put a product out a little before the curve, but now all cell phones can run accelerometer logs in background and there are more prestigious and advanced smart watches. Maybe if they played nice and opened their API / allowed devs to play with the damn thing, they could compete more with Apple, which does the same for its products.