In an interview with FOX Business Network’s Stuart Varney, Fitbit (FIT) CEO James Park discussed Thursday’s steep drop in the stock price, despite reporting the best quarterly profits in the company history.
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“We had the best quarter in the 8-year history of the company… but it is strange, we handily beat both our guidance and actually Wall Street consensus as well,” he said.
Park said despite the drop, he is more focused on the long-term.
“All we can do is execute and perform really well, we can’t really control what the public markets do. But I’m pretty sure that if we continue our performance that shareholders will be happy,” he said.
Park also said Apple doesn’t impact how the company approaches the market.
“I can’t comment too much on Apple but, in general, we don’t feel that… we’re targeting the same type of consumer. We have a wide range of products with different price points, styles, form factors etc. -- and the missions of the company are very different. Fitbit’s mission is really to use technology to help people get healthier, more active by giving them data inspiration and guidance -- and consumers love our products and we are always excited to help people lead healthier lives,” he said.