Fitbit smartwatch

By Jonah Comstock February 23, 2017
The hard financial news wasn't good on Fitbit's fourth quarter earnings call: The company's revenue, at $574 million, was down 19.3 percent year-over-year, and down $2 million from the company's projection. It was also the second consecutive quarter that the company missed its earnings target. Fitbit released a statement a few weeks ago detailing the immediate plan to get earnings back on track:...
By Jonah Comstock January 30, 2017
Fitbit will lay off 110 employees, 6 percent of its global workforce, as part of a reorganization designed to save the company $200 million in operating expenses after the wearable leader underperformed in the fourth quarter. The Information broke the story yesterday, saying as many as 10 percent of Fitbit's employees might be laid off, but the company's announcement today confirmed the lower...
By Jonah Comstock January 10, 2017
Following on its acquisition of Pebble, and the company's announcement just this week that it would be developing an app store, Fitbit has announced another smartwatch acquisition: Vector, a year-old Romanian startup that boasts a smartwatch with a 30-day battery life. The terms of the acquisition are so far undisclosed. "Fitbit can confirm it has acquired specific assets from Vector Watch, a...
By Jonah Comstock January 9, 2017
When Fitbit bought Pebble at the end of last year, the evidence seemed against Fitbit branching into real smartwatches: The company explicitly declined to buy Pebble's hardware business or hire any members of Pebble's hardware team. But now Fitbit CEO James Park has confirmed to The Verge that Fitbit is planning to very soon launch its own app store, a sure sign, The Verge thinks, that Fitbit is...