Fitbit stock sinking following Apple Watch announcement
by Kate Clark from Crunch Hype on (#3YNA8)
Apple announced its latest and greatest Apple Watch in Cupertino today - The Apple Watch Series 4.
Fitbit (NYSE: FIT) stock sank as a result. Right now it's down more than 6 percent and continuing to tank. The company sells a competing wearable health and fitness device.
Apple's newest watch, starting at $399, can now perform an ECG, detect atrial fibrillation and detect when a person's heart rate is too low. The watch is even FDA certified. Apple Watch Series 3 devices will now retail at $299.
Pre-orders will begin this Friday; the device will be available for purchase on September 21st.