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Although Fitbit makes the most popular wearable products and sells the most of them worldwide. But at the same time, it feels increasing pressure from manufacturers of even more complex smart products. Also about that and the overall state of the company and its place on the market they write in his text The New York Times.

The latest device introduced by Fitbit is Fitbit Blaze. According to the company, it belongs to the "smart fitness watch" category, but its biggest competition is of course smart watches, led by the Apple Watch. They also have to compete with the other Fitbit products for customer interest, but the Blaze stands out the most because of their design, price and features.

From the first reviews, Fitbit Blaze has been compared to the Apple Watch, Android Wear watches, etc., and praised only for a few features, such as long battery life.

Since its founding in 2007, Fitbit has become the most successful company producing wearables for measuring sports activities. It sold 2014 million devices in 10,9 and twice as many in 2015, 21,3 million.

In June of last year, the company's shares became public, but since then their value, despite the continued growth of the company's sales, has fallen by a full 10 percent. Because Fitbit's devices are proving to be too single-purpose, which have little chance of keeping customers' attention in the world of multi-functional smartwatches.

Although more and more people are buying Fitbit devices, it is not certain that a significant part of new users will also buy other devices from the company, or their newer versions. Up to 28 percent of people who bought a Fitbit product in 2015 stopped using it by the end of the year, according to the company. With the current procedure, sooner or later there will come a time when the influx of new users will be significantly reduced and will not be compensated by additional purchases of existing users.

The company's CEO, James Park, says that gradually expanding the functionality of wearable devices is a better strategy from the user's perspective than introducing new categories of devices that can do "a little bit of everything." According to him, the Apple Watch is "a computing platform, which is the wrong initial approach to this category."

Park further commented on the strategy of gradually introducing users to new wearable technology capabilities, saying, “We're going to be very careful with the gradual addition of these things. I think one of the main problems with smartwatches is that people still don't know what they're good for."

Woody Scal, Fitbit's chief commercial officer, said that in the long term, the company wants to focus on developing digital monitoring platforms to detect and prevent health problems. In this regard, the current Fitbit products mainly have a sensor for measuring the heart rate and functions for monitoring the progress of sleep.

Energy company BP, for example, offers Fitbit wristbands to 23 of its employees. One of the reasons is to monitor their sleep and evaluate whether they sleep soundly and are sufficiently rested before starting work. "As far as I know, we've collected the most data on sleep patterns in history. We are able to compare them with normative data and identify deviations," said Scal.

Source: The New York Times
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