We still don’t have exact sales numbers on the Apple Watch, but something is clearly having a big impact on Fitbit, Apple’s biggest rival in the fitness wearables category.
Fitbit stock dropped 19 percent today after its forecasts missed estimates, and analysts downgraded the stock as a result. Fitbit shares have declined 44 percent this year so far.
And the Apple Watch? By all accounts we’ve heard, it’s doing pretty darn well.