Fitbit CEO says its first smartwatch will be ready for the holidays

The Q2 2017 report was dismal compared to the same period last year, bringing in $353 million in revenue versus $546 million in Q2 2016. It follows a similarly disappointing Q1, and the company is projecting a loss for the rest of the year. The smartwatch could brighten this bleak forecast, though recent reports suggest that issues plaguing development pushed its launch from spring to fall.

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