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.
Fitbit Inc. is an American company known for its products of the same name, which are activity trackers, wireless-enabled wearable technology devices that measure data such as the number of steps walked, heart rate, quality of sleep, steps climbed, and other personal metrics. The first of these was the Fitbit Tracker. The company was founded by and is managed by James Park and Eric Friedman, and is headquartered in San Francisco, California. On May 7, 2015, Fitbit announced it had filed for IPO with a NYSE listing. The IPO was filed for $358 million.