Wearables were an exciting new frontier a few years ago, but as time goes on, enthusiasm is dying out and pure-play companies like Fitbit (NYSE: FIT) are struggling.
In this episode of Industry Focus: Tech, host Dylan Lewis and senior tech specialist Evan Niu look at some industrywide trends with data from Strategy Analytics to see where the wearables industry is heading as of this most recent quarter. Find out what some of the biggest headwinds facing Fitbit are today and how companies like Apple (NASDAQ: AAPL) are facing them with much less risk, where the wearable industry might go in the next five to 10 years, how Fitbit might possibly recover from here, and more.
A full transcript follows the video.
Source: Fool.com