Fitbit spends heavily on research and development
Fitbit saw its share price dip last week after its profit forecast fell short of some analysts expectations.
“Full-year and second-quarter 2016 guidance continues to reflect the company’s planned higher investments in research and development to accelerate the pace of innovation to deepen its competitive moat; investments in sales and marketing to drive revenue from new products in 2016; and investments in consumer engagement features to accelerate the network effect of the company’s large user...
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