FILE PHOTO: Visitors walk past an advertising billboard for Fitbit Ionic watches at the IFA Electronics Show in Berlin, Germany, September 1, 2017. REUTERS/Fabrizio Bensch

(Reuters) - Wearable device maker Fitbit Inc FIT.N reported its first drop in revenue in five quarters on Wednesday as it faced intense competition from deeper-pocket companies such as Apple Inc AAPL.O and Samsung Electronics Co Ltd 005930.KS, underscoring challenges for buyer Alphabet Inc's GOOGL.O Google.

The company’s net loss widened to $51.9 million, or 20 cents per share, in the third quarter ended Sept. 28, from $2.1 million, or 1 cent per share, a year earlier.

Revenue fell 11.7% to $347.2 million.