The new Fitbit Versa Lite Edition is all about fitness basics

As expected, Fitbit revealed yet another wearable device, which is, in fact, a lighter iteration of one of its most recent products – Fitbit Versa. Apparently, the latter sold very well, otherwise, we can't think of a reason to launch a similar device, but cheaper.

The new Fitbit Versa Lite Edition packs many of the features that made the regular version so popular among consumers, such as automatic activity, PurePulse 24/7 heart rate and Sleep Stages tracking, 15+ goal-based exercise modes, connected GPS, and smartphone notifications.

The smartwatch includes a single button, as opposed to three on the regular model, and it's quite lightweight. Also, it features a swim-proof design in new color choices, including Mulberry, Blue Marina, Lilac and White.

But this is not called Lite Edition for anything, and the smartwatch lacks a handful of features that are offered by the Fitbit Versa. For example, the Lite Edition doesn't include a gyroscope or barometric pressure sensor. Also, you can't store any music on the smartwatch or use music apps from Pandora, Deezer and the likes.

Still, the Versa Lite Edition is Fitbit's most affordable smartwatch and will be available starting next week for just $160, $40 cheaper than the regular version. Pre-orders are already live on Fitbit's online store with all four color choices up for grabs.