*By Christian Smith* Fitbit doesn't plan to exit the fitness-tracker space for smartwatches anytime soon, said VP of product marketing Melanie Chase. "A lot of the buzz and conversation has been about the growth in the smartwatch industry, and it's easy to get distracted from the fact the tracker market is still huge," Chase said Tuesday in an interview on Cheddar. Fitbit on Monday unveiled the Charge 3, what it calls its most technologically advanced fitness tracker to date. The device features a swim-proof design and improved health and sleep trackers. The Charge family of products is the company's most successful line of trackers. According to company data, Fitbit has sold 35 million in the line so far. Fitbit made its first venture into the smartwatch market earlier this year when it launched the Versa. While the wearable market has had its ups and downs, research firm IDC predicts that consumers will buy 43 million smartwatches and 46 million fitness trackers this year ー and Fitbit wants in on the action. "As the leader in the tracker category it's important for us to continue to invest in people who love trackers while also growing in the smartwatch space with introductions like Versa," Chase said. The Fitbit Charge 3 retails for $149.95. It's already available for pre-order on Fitbit's [website](https://www.fitbit.com/home) and will be sold in stores this October. For full interview [click here] (https://cheddar.com/videos/fitbit-gives-first-look-at-most-technologically-advanced-fitness-tracker-yet).

Share:
More In Business
Watchdog Slams IRS Identity Theft Case Delays as “Unconscionable”
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
A.I. Investments Carry Amazon Over $2 Trillion Valuation Threshold
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Load More