Google-Fitbit deal: Should Apple be wary?

NEW DELHI: San Francisco-headquartered activity trackers and wearables maker Fitbit is being acquired by Google’s parent company Alphabet, which is paying $7.35 per share in cash for the company, valuing it at about $2.1 billion.

But the question is: Will the acquisition be profitable for Fitbit and Google, and should Apple be wary of the deal?

Apple, which leads the smartwatch segment globally, hardly has anything to lose due to the deal — at least in the short-term — say experts.