Fitbit will move its production from China in January 2020
Reportedly network sources, from January 2020, the American company Fitbit, which produces fitness trackers and smart watches, will produce all its products outside of China. After other U.S. companies Fitbit tends to quickly leave China to avoid the increased cost of production due to the duties imposed by the U.S. authorities on Chinese goods.
The Fitbit say that the company began to explore alternatives to China in 2018, when the us-China trade confrontation had just begun. In June of this year, Fitbit was among the companies that have sent letters of protest against the plan of U.S. President Donald trump (Donald Trump) to increase duties on goods imported into the country from China.
Representatives Fitbit did not disclose information about where it will produce the company’s products. More information about this issue promised to disclose at the meeting dedicated to the discussion of quarterly results. On the background of this message, the company’s shares lost 1.5 % in afternoon trading.
It is worth noting that the vast majority of American companies are moving production from China or are planning to do so in the near future. Earlier it was reported that Apple moved production of the new Mac Pro to the USA, and the issuing of action cameras GoPro has moved a large proportion of capacity in Mexico. Google is also gradually takes production capacity outside of China.
More information about where you will deploy the manufacturing of Fitbit products to be expected after the company announces quarterly results.