'Why wouldn't everyone in the world have a wearable?': Fitbit's CEO on its new products, fixing the way we sleep, and taking on Apple (FIT)

• Fitbit announced the Fitbit Versa Lite on Wednesday, a less-expensive version of its popular smartwatch.
• Fitbit CEO James Park says his company's focus on affordability is part of what separates Fitbit from Apple, the current leader in the smartwatch space.
• Park sat down with Business Insider to discuss Fitbit's new products, its goal to tackle larger health issues, and more. 

James Park doesn't get enough sleep.

"My Sleep Score has been terrible," the Fitbit CEO and cofounder said as he showed me a graph depicting his recent sleeping patterns. A Sleep Score of around 90 and above is considered good; Park's appears to linger in the high 60s.

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See Also:

• Fitbit is launching a cheaper version of its popular Versa smartwatch — and it costs less than half as much as the latest Apple Watch
• The Apple Watch is the world's most popular smartwatch — here are the 5 features we want to see next
• Microsoft is putting the final nail in the coffin for its Apple Watch competitor, and offering partial refunds to anybody still using it

SEE ALSO: The Apple Watch is the world's most popular smartwatch — here are the 5 features we want to see next

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