When you think the wearables market you probably think Fitbit. However, today’s article notes that Fitbit has not exactly been in the greatest shape lately, with shares having “fallen more than 70% over the past 12 months due to concerns about slowing sales, declining margins, and rising competitors.” For investors looking to play the wearables market, the article argues that “unloved” GPS and wearables maker Garmin may be a better pick in the long run than Fitbit. For an analysis of the niche-focused Garmin – whose stock surged on its second quarter earnings report – and why it may be the better investment, CLICK HERE.
Forget Fitbit, Grab Garmin?
- by Bob Mitchell