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Fitbit smartwatches slump as Versa Lite Edition sales disappoint

Fitbit has revealed that revenue for the smartwatch part of its business decreased and it's partly down to not a lot of people buying its Versa Lite Edition smartwatch. In the company's second quarter results it revealed that while its tracker revenue increased 51% year-over-year, smartwatch revenue was down 27% for the same period. Essential…

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