Jawbone Reportedly Ends Production Of Fitness Trackers

Jawbone Inc. is set to be a much smaller company, according to reports that it’s ending production of its fitness trackers and seeking buyers for its speaker business. [...] Tech Insider reported that Jawbone has stopped production of its Up fitness trackers and sold its remaining inventory to a third-party reseller. Jawbone and Fitbit Inc., pioneers in activity trackers, have struggled to grow as competition picks up in the wearable-technology market, an industry that tech giants, including Apple and Google, have set their sights on. Jawbone started early and was strong in the speaker and fitness-tracker markets, but suffered as it was undercut by cheaper competitors, and the products became easily replicated, said Chris Jones, chief analyst at Canalys. Jawbone’s fitness trackers suffered from competition at both ends — cheaper Chinese options and expensive, but more engaging smartwatches.

BING NEWS:
  • Xponential Fitness: Q1 Earnings Snapshot
    IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Xponential Fitness Inc. (XPOF) on Thursday reported a loss of $2.9 million in its first quarter. On a per-share basis, the Irvine, California-based company ...
    05/2/2024 - 10:17 am | View Link
  • Peloton CEO McCarthy steps down, fitness equipment maker to cut 15% jobs
    Peloton CEO Barry McCarthy, who was tasked in early 2022 to stem the fitness equipment maker's slide in sales from the pandemic highs, has quit as the company announced job cuts to reduce costs after ...
    05/2/2024 - 6:08 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News