March 28, 2017
Despite all the convenience features of modern smartwatches, for users it’s still all about fitness, according to recently released data from Parks Associates.
The research firm says that tracking steps is the most popular smartwatch use case, with 60 percent of the United States’ 13.3 million smartwatch users reporting that they track their steps with their device.
According to Senior Director...
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...
December 5, 2016
It's been a rough couple of weeks for wearables. Yesterday, Lenovo announced it was abandoning its Moto Androidwear line indefinitely, with head of global product development Shakil Barkat saying "wearables do not have broad enough appeal for us to continue to build on it year after year,” according to The Verge. Last week it came out that Pebble, which arguably invented the smartwatch space, is...
December 1, 2016
According to a scoop from The Information last night, fitness tracker market leader Fitbit will buy beleaguered smartwatch pioneer Pebble. TechCrunch and Engadget are both citing anonymous sources, saying that the deal is for between $34 million and $40 million -- barely enough, TechCrunch says, for Pebble to cover its debts.
The news isn't entirely unexpected -- it was clear that Pebble was...
September 6, 2016
The global wearables market is continuing to grow, with 22.5 million devices shipped in the second quarter of 2016 alone, according to a new tracking report by the International Data Corporation (IDC). Top companies in the sector are Fitbit, Garmin, Apple and the Chinese company Xiaomi. In the past year, the overall market has grown 26.1 percent, but the different categories of the industry are...
August 31, 2016
Smartwatch company Pebble, which has had a renewed focus on health and fitness features since last May, released a major update to its app and firmware, once again focused on health features. The Verge first spotted the update.
Basically, Pebble has made it easier for users to access their health features. Now one tap on the watch face brings up activity and sleep results in a redesigned format...
August 10, 2016
In an effort to turn around the consistent declining revenue and sales, watchmaker Fossil Group is shifting its focus to smartwatches and trackers, effectively trying to rebrand itself as the leader in the industry by embarking on what executives called an “unprecedented launch.”
During a second quarter earnings call with investors and analysts, Fossil CEO Kosta Kartsotis said over the next three...
August 2, 2016
San Francisco-based iBeat, makers of a heart-monitoring wearable positioned to compete with PERS devices, closed approximately $1.5 million in a seed funding round led by Maveron, Subtraction Capital and Correlation Ventures. Other investors include Ali and Hardi Partovi, former NFL player Russell Okung, KKR partner Henry Kravis, Band of Angels and industrial design firm Ammunition Group.
May 5, 2016
As of March, 12 percent of US consumers own a fitness band or a smartwatch of some kind, according to a Kantar Wearable Technology report. The majority of them, about 75 percent, own a fitness band.
Kantar's market data is pulled from a combination of consumer purchase tracking and ongoing surveys.
“For both smartwatch and fitness band buyers – brand, ease of use, and functionality are the top...
May 3, 2016
The Apple Watch commercially launched just over a year ago, and in that time there's one question that's been asked a number of times: Is it a Fitbit competitor? Will multipurpose smartwatches ultimately kill single-purpose fitness trackers? And recently a different line of questions has emerged, about whether consumers need a general purpose smartwatch at all.
Fitbit CEO James Park told the New...