On August 3, 2015, Fitbit, Inc.’s stock price hit an all-time high of $50.99. A few months earlier, when Fitbit went public on June 18, it had opened on its first day of trading at a price of $30.40 — 52 per cent higher than its initial public offering price. As what appeared to be the most successful initial public offering of the year, Fitbit attracted significant attention and inevitably drew controversy as well. Some investors saw great potential and a promising future for Fitbit. Others were less positive, calling it a fad without any real opportunity for future development. In the face of growing competition from rivals with more extensive consumer bases, Fitbit wanted to ensure that it achieved sustainable growth. What was Fitbit, and what could it become? The question concerned not only potential investors but also the chief executive officer of the high-tech company.
乐活: 关于手腕的生意 Fitbit: The Business About Wrist (Simplified Chinese version)
Xiaoke Xu, Xin (Shane) Wang
Product #:W34045
Supplier:Ivey
Discipline:Marketing
Setting:Canada, USA, 2015
Subjects:
Geography:
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Learning Objectives
- 了解 Fitbit 的业务重点和产品/服务。
- 了解可穿戴设备市场的背景。
- 探索Fitbit及其竞争对手的战略优势和劣势。
- 对市场进行初步预测。
- 确定Fitbit未来的商业机会。
The case intends to explore the challenges and opportunities faced by Fitbit. Key objectives include: • Understand Fitbit’s business focus and product/service offerings • Understand the background of the wearable devices market • Explore the strategic advantages and disadvantages of Fitbit and its competitors • Generate a preliminary prediction of the market • Identify future business opportunities for Fitbit