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All posts tagged "Fitbit"

  • Fitbit to slay 110 employees in midst of buying spree

    Wearables company Fitbit may have gone on a spending spree recently, but the firm is beginning to feel the pinch thanks to lower than expected sales of its gadgets. "Based upon preliminary financial information, Fitbit expects to report 6.5 million devices sold and revenue for the fourth quarter of 2016 to be in the range of $572-million to $580-million, compared to the company's previously announced guidance range of $725-million to $750-million," read an excerpt of the firm's financial report. As a result, Fitbit will conduct a "reduction in force, that will impact approximately 110 employees, constituting approximately 6% of the company's global...

  • Fitbit, out to kill smartwatch rivals, buys Vector

    Fresh from acquiring and effectively dismantling Pebble, Fitbit has bought another smartwatch company in the form of Vector. The Vector Watch stood out on the market thanks to its touted 30 day battery life, app support, notification mirroring and support for all three major mobile platforms (Android, iOS, Windows Phone). In a post on the Vector website, the smaller firm announced the deal. "Today, we are happy to announce that the Vector Watch team and our software platform are joining Fitbit, the leader in the connected health and fitness market!" Vector wrote. Fitbit continues its quest to snuff out competition in the smartwatch...

  • Weekly Round Up Podcast #88: Nintendo Switch, Fitbit, Amazon Go & more

    Welcome to Weekly Round Up, our podcast discussing the latest tech trends, innovation, and news from the last few days. This week, Hadlee Simons plays host to Andy Walker. In this edition of the Weekly Round Up, the team talks about the Nintendo Switch's possible GameCube compatibility as well as Samsung ditching the 3.5mm audio jack for its Galaxy S8. The duo also discuss Fitbit's surprise buy of smartwatch maker Pebble and Amazon's new checkout-less grocery store Go. Finally, we chat a bit about South African GT racer, David Perel. What are we watching, reading, playing: Andy is working his way through The Last...

  • Fitbit to buy smartwatch maker Pebble for ‘small amount’?

    Fitbit is reportedly close to buying crowdfunding superstar Pebble for an undisclosed amount of money. According to a report from The Information (paywall), citing "three people briefed on the deal", the exact price hasn't been revealed but it's thought to be "a small amount". A source told TechCrunch that the company is to be purchased for between US$34-million and US$40-million. The news comes a few months after the smartwatch maker decided to lay off some staff. The company laid off 40 employees in March, equivalent to about 25% of its workforce, with CEO Eric Migicovsky blaming an unfavourable fundraising environment. Pebble's management reportedly rejected previous offers to purchase the company Pebble...

  • Vendors shipped 11.4m wearables in the first quarter of 2015

    According to the International Data Corporation (IDC), vendors shipped a total of 11.4-million wearables in the first quarter of 2015. Fitbit shipped the most units, with Xiaomi in second place. This is a 200% increase from the 3.8-million wearables shipped in the same quarter in 2014. Though there might have been skepticism from the market when it comes to wearables in the beginning, their popularity however is proving to be growing. Ramon Llamas, research manager of Wearables at IDC, explains this growth and says that "It demonstrates growing end-user interest and the vendors' ability to deliver a diversity of...

  • Wearable tech: the future of the quantified self & smart bras [#LeWeb]

    "I flew in from New York and I am about six hours behind and I tossed and turned all night. Now according to Fitbit I am operating at 60% of my optimum speed," says Natt Garun, Features Editor for The Next Web while interviewing James Park, co-founder and CEO of the company at LeWeb in Paris, France. This is our reality: devices and apps that gather data on us and tell us how well or poorly we are doing health-wise. This trend is sweeping through the tech space and every new startup wants to play in this field....