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. (NYSE:FIT), the leader in the connected health and fitness market, today reported revenue of $574 million, GAAP basic net loss per share of ($0.