smartwatches

By Dave Muoio 02:33 pm November 7, 2019
Fitbit’s year-over-year device sales flatlined in Q3 2019, which combined with lower sales tag prices drove a decline in revenue, according to the wearables maker’s latest quarterly earnings. The reporting — which was bereft of an investor’s call, Q&A and any forward-looking statements due to the company’s pending acquisition — is the latest look at a wearables business Google apparently...
By Laura Lovett and Dave Muoio 09:53 am November 1, 2019
After a month of rumors, this morning Google and Fitbit announced that the former has officially purchased the wearable giant for roughly $2.1 billion, or $7.35 per share, in cash. Fitbit stressed that its devices will remain platform-agnostic across the Android and iOS ecosystems. Still, a blog post from Google discussing the acquisition made it clear that we can also expect to see some Google...
By Dave Muoio 03:46 pm September 23, 2019
Reuters reported on Friday that Fitbit is weighing a sale of its business. While nothing is set in stone, the fitness wearables and health services company is said to have brought on investment firm Qatalyst Partners to explore its options, with the latter pushing for Alphabet or private equity firms as potential buyers. The report pins Fitbit’s new mindset on middling smartwatch success, which...
By Dave Muoio 05:04 pm March 4, 2019
The fourth quarter of 2018 was a good one for Fitbit, with CEO James Park sharing news last week of the the device maker’s first year-over-year increase in sold devices since 2016. The company’s latest investor call touched upon many familiar themes, such as the shift from fitness trackers to smartwatches, but also suggests that Fitbit is viewing its health-focused services as an increasingly...
By Dave Muoio 11:48 am December 20, 2018
This morning, Omron Healthcare announced that the HeartGuide wristwatch — a wearable oscillometric wrist blood pressure monitor unveiled earlier this year at CES 2018 — has received FDA clearance and will be available at retail on January 9, 2019. The device is currently available for preorder for $499. The key feature of the product is a flexible synthetic band that is designed to inflate and...
By Dave Muoio 03:24 pm November 14, 2018
Starting this month, UnitedHealthcare members enrolled in the insurer’s incentive-based “Motion” program are able track their daily activity using their personal Apple Watch, or one purchased and earned through the program. This comes roughly half a year after UnitedHealthcare first announced the availability back in March, and a few months after the July rollout planned at the time. Through the...
By Dave Muoio 03:29 pm November 5, 2018
Fitbit’s push into the smartwatch and health space appears to have been a wise one, as the company announced during its earnings call that revenue has matched and in some cases surpassed expectations in the third quarter of 2018. The wearable maker reported 3.5 million devices sold and $394 million in revenue during the quarter, sales that the company noted came not only from fitness trackers but...
By Jonah Comstock 04:24 pm March 27, 2018
As wearables shipments hit 350 million in 2020 (up from 224 million in 2018), healthcare wearables are poised to bring in more revenue via subscription services than wearables in any other industry, according to a new report from Juniper Research.  The report uses AliveCor and Quell as examples of health wearables with a subscription business model, predicting that such companies will pull in $2....
By Jonah Comstock 12:53 pm March 15, 2018
Apple has risen to the top of the competitive global wearables market, according to an IDC report that came out at the beginning of this month. Meanwhile the overall growth of the space has slowed as control of the market consolidates among big players. "Interest in smartwatches continues to grow and Apple is well-positioned to capture demand," Ramone T. Llamas, research director of IDC's...
By Dave Muoio 03:52 pm January 11, 2018
At CES 2018 this week, Samsung Electronics America and MobileHelp, a maker of home and wearable medical alert devices, announced a collaboration that would bring mobile personal emergency response capabilities to Samsung Gear S3 smartwatches. Called MobileHelp Smart, the devices integrate MobileHelp’s platform into a modified version of Samsung’s watch, taking advantage of its fitness-monitoring...