In the second quarter, Fitbit in the product line to further strengthen the smart watch, and Versa smart watch to achieve higher sales. In the second quarter, Fitbit Smart watch sales accounted for 55% of total revenue.
Fitbit's total revenue for the quarter was $299.3 million trillion, more than the analyst's average estimate of 285.4 million dollars. Fitbit shares rose 3% per cent to $6.11 in the trading of US equities in Wednesday.
In the second quarter, Fitbit's equipment sales were 2.7 million, exceeding the average estimate of 2.5 million in the FactSet statistics. Fitbit is known as a sports bracelet but is a successor in the smart watch market.
In this market, Fitbit also faces the competition of powerful technology giants such as Apple and Samsung.
James Park, Fitbit's CEO, said the Versa smart watch sold more in North America than the combined Samsung, Garmin and fossil smart watches of the quarter. Earlier in the day, Fitbit's rival, Garmin, also announced better quarterly profits than expected.
This suggests that there is a higher demand in the smart watch market. Fitbit to produce most of the products through the Chinese generation of industry and commerce. The company said it would affect the cost of raw materials if the U.S. proposal to impose tariffs on Chinese imports would come into effect.
Regardless of possible tariff implications, the company's full-year revenue is expected to be $1.5 billion trillion.
The company now expects third-quarter revenues to be between 370 million and 390 million dollars, a median above analysts ' average of $377.6 million trillion. In the second quarter ended June 30, Fitbit's net losses widened to $118.3 million trillion, or 49 cents per share, above 58.2 million dollars a year earlier, or 25 cents a share.