Over the past couple of weeks, there have been a slew of positive announcements for Fitbit (FIT). I'll analyze each of them in chronological order.
Singapore Agreement
On August 21st, FIT announced that it reached an agreement with Singapore's government to supply fitness trackers to Singapore's residents. Under the agreement, any resident of Singapore can register for the Fitbit Inspire (a low-cost tracker that is currently selling for $70 on Fitbit's website) and won't outlay any cash for the tracker, but will commit to spending $10 a month for a year of premium