Any time a smaller company is gobbled up by a larger one, you assume the worse. In the case of Nokia buying Withings, that’s more or less what happened. First Nokia launched a handful of products under its own name and ultimately dropped the French health hardware company altogether. Four
Fitbit’s ability to start righting the ship can largely be credited with its dive into the smartwatch category. Ionic was a bit of a mess, to be sure, but the Versa has proven a bona fide hit. But while smartwatches represent a rare bright spot in the stagnant wearable space,
Fitbit scored a small coup on earnings this week, ever so slightly beating revenue expectations for the quarter. The company pulled in $247.9 million, up over Wall Street’s expected $247.3 million. Of course, that’s still a notable drop from this time last year, when the company pulled in $298.9 million.