Fitbit Sold 4.8M Fitness Devices in Q3 2015; Average Selling Price up 33%

Last week fitness devices vendor Fitbit announced their financial results with $409 million (up 168%) in revenue during the third quarter of 2015. The GAAP net income per share was $0.19 and the adjusted EBITDA $85.0 million.

The cash from operations increased 37x to $121.3 million compared to Q3 2014. Cash, cas…