This statistic shows the revenue of Fitbit, Inc. from 2010 to 2020. In 2020, the year-end revenue of Fitbit, Inc. totaled 1.13 billion U.S. dollars.
Fitbit revenue – additional information
The health and fitness wearable tracker market is one of the most promising segments of the wearable industry. As of 2016, 44.5 million health and fitness trackers were sold worldwide. This figure is expected to increase to 105 million in 2022. The overall wearables market is forecasted to generate more than 73 billion U.S. dollars in revenues in 2022.
Fitbit has been amongst the industry’s top companies since it introduced its first product, the Fitbit Classic, to the consumer market in 2009. Since 2010, the company has sold almost 76 million devices worldwide. From 2010 to 2016, Fitbit’s revenue increased from just over 5 million U.S. dollars to around 2.17 billion U.S. dollars. The company’s share of wearable device shipments has witnessed some decrease in the last two years, but still accounted for about 14 percent of the total market in the third quarter of 2017. Fitbit’s competitors are well-known companies such as Xiaomi, Apple, and Huawei.
The company’s strong growth is also reflected in its expenses. In 2012, Fitbit’s main operating expenses were in research and development, with just over 16 million U.S. dollars spent on the segment. In 2017, Fitbit's main operating expense lay in sales and marketing, with 415 million U.S. dollars in spendings.
Fitbit Inc. revenue from 2010 to 2020 (in million U.S. dollars)*
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Fitbit, & Business of Apps. (March 28, 2021). Fitbit Inc. revenue from 2010 to 2020 (in million U.S. dollars)* [Graph]. In Statista. Retrieved May 18, 2022, from https://www.statista.com/statistics/472518/fitbit-revenue/
Fitbit, und Business of Apps. "Fitbit Inc. revenue from 2010 to 2020 (in million U.S. dollars)*." Chart. March 28, 2021. Statista. Accessed May 18, 2022. https://www.statista.com/statistics/472518/fitbit-revenue/
Fitbit, Business of Apps. (2021). Fitbit Inc. revenue from 2010 to 2020 (in million U.S. dollars)*. Statista. Statista Inc.. Accessed: May 18, 2022. https://www.statista.com/statistics/472518/fitbit-revenue/
Fitbit, and Business of Apps. "Fitbit Inc. Revenue from 2010 to 2020 (in Million U.S. Dollars)*." Statista, Statista Inc., 28 Mar 2021, https://www.statista.com/statistics/472518/fitbit-revenue/
Fitbit & Business of Apps, Fitbit Inc. revenue from 2010 to 2020 (in million U.S. dollars)* Statista, https://www.statista.com/statistics/472518/fitbit-revenue/ (last visited May 18, 2022)