Fitbit received a sell rating from a Wallstreet firm. This, as usual caused a downswing in the stock price. As the article states, this is not unusual for volatile companies, which Fitbit is at this time. The article goes on to say that Fitbit is claiming many new apps are coming to the Ionic, which is excellent for those of us who bought them. I am very interested in seeing the Uber app that is coming, although I have become more apt to hailing Lyft rides and would rather see an app for Lyft. Another big app that people are hoping to see is Spotify as the agreement with Pandora was sort of a flop with buyers in the US who seem to be more aligned with Spotify.
I don’t personally see this as a big deal. I think Fitbit turned out a great new product this year and scored well with users upon releasing the app gallery before Christmas. They are dealing with the fallout of a few years of lackluster performance in the development and engineering process. I hope the Ionic is just the beginning of some new great products to come in the next couple of years.