Dr. Stephen Schorr is an obstetrician-gynecologist in Lafayette, Louisiana and is affiliated with Lake Area Medical Center. He received his medical degree from Louisiana State University School of Medicine in Shreveport and has been in practice for more than 20 years.
The Fitbit Flex, which retails for $99.95, costs $17.36 to make, including both materials and manufacturing costs, according to the teardown analysis. IHS projects that shipments of Fitbit Flex and similar activity monitors will triple within the next five years.
The story of Fitbit: How a wooden box became a $4 billion company. Fitbit is going from strength to strength. After its $4.1bn IPO in 2015, it spent the year as the world's number one purveyor of wearables, shipping over 18m fitness trackers in the calendar year â without launching a single new product. In 2016, it's launched four new devices.