Fitbit is a (somewhat) profitable company again, as well as the second-largest US smartwatch vendor

Fitbit may not have been very wise to put off the release of its first full-fledged smartwatch after years of focusing entirely on lower-cost activity trackers, but ultimately, the Ionic and especially the Versa appear to have caught on.

The company’s sophomore effort in a market completely dominated by Apple is highlighted as one of the key driving forces behind unexpectedly strong quarterly results, although Fitbit is still not what we’d call a money making machine.

Technically, Q3 2018 marks a “return to profitability” for the wearable industry veteran, but we’re merely ...