This acquisition is Google’s entry into the wearable device market. In a development that marks Alphabet Inc-owned Google’s intention of entering the fitness trackers and smartwatches market, the search engine giant said it will acquire Fitbit Inc for $2.1 billion. On Friday, the wearable device maker said it had been offered $7.35 per share in…
The development underscores a rising demand for affordable wearables among consumers. In a development that signals a welcome break for wearable devices, wearable device maker Fitbit Inc reported better-than expected first-quarter results reaffirming its full-year revenue forecast. The wearable device maker was able to sell more smartwatches and wearable devices that track health at affordable…
Once the Trump Administration’s $200 billion tariff list, which currently is in the public comment period, comes into play, U.S. consumers are likely to see a price hike in consumer goods that are assembled in China. According to U.S. government’s rulings on tariffs, the latest round of trade tariffs on $200 billion of Chinese imports…
Priced at $299.95, the Ionic smartwatch has a host of features with its major selling points being battery charge of at least 4 days, 50 metres water resistant, sleep tracking and GPS. In a strategic step Fitbit Inc launched its newest device, the Ionic smartwatch which not only has fitness tracking but also contactless payment,…
The company is staring at liquidation. Although its founder and CEO was quick to change business to Jawbone Health Hub, that caters to the niche market of medical wearables, according to sources, that business too is struggling to take off. According to sources familiar with the matter at hand, Jawbone, the company that was famed…
The smartwatch segment has yet to take off. Currently fitness trackers are driving the market. If you are in the market for a smartwatch and are looking forward to companies launching their new line of offerings in this holiday season, you will have to hold on to your hopes a while longer. As per IDC’s…
After the acquisition, Pebble’s product line is likely to be phased out. Pebble has had its hay days in the sun, now it is likely to be only a memory. Smartwatch maker Fitbit is reportedly acquiring the company for an undisclosed sum. Engadget has reported citing an anonymous source that Fitbit will be acquiring the…
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