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Morgan Stanley: Fitbit needs better software to survive

Fitbit needs to improve its software offerings if it wants to survive, according to a research note released on Monday by Morgan Stanley analysts Yuuji Anderson and Katy Huberty. The note suggests regular software upgrades, alongside support for third-party applications, would improve the longevity of Fitbit devices and keeps users coming back for the next […]

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TomTom to step back from wearables market after poor sales

TomTom may be on the verge of leaving the wearables market, after a 20 percent year-on-year consumer sales decline, which management blamed on the Sports division. “The wearables market has fallen short of expectations… And because of this and because we want to focus on automotive, licensing and telematics businesses, we are reviewing strategic options […]

fitbit-blaze-health-wearable

Fitbit looks to health industry for future growth

After disappointing first quarter sales, Fitbit is making a move for the wearable health market. The company said it has a device in development that will be able to detect sleep apnea, a disorder that affects around 18 million American adults. Symptoms of sleep apnea include pauses in breathing, shallow breathing during sleep, and tiredness […]

Did Fitbit try to buy longstanding rival Jawbone for Christmas?

After settling patent infringement lawsuits in the run-up to Christmas, Fitbit supposedly offered to acquire Jawbone for an undisclosed amount. The two firms have been at each other’s throats for a few years, accusing each other of patent infringement and stealing trade secrets. Jawbone originally sued Fitbit in May 2015 and Fitbit filed a counter-suit […]

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Wearables find themselves increasingly going to work

The enterprise market might be the new battleground for wearable suppliers, as more organizations start to implement wellness programs for their employees. Research firm Tractica said 83 percent of tech leaders allow wearable technology at work, and the majority of those firms are looking to embed this tech to the company in some way—usually through […]

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Halo Wearables see hydration tracking as future of wearable market

Halo Wearables, a wearable fitness startup, wants to bring hydration tracking into the mainstream with Halo Edge, the company’s first wearable. Instead of monitoring heart-rate and step-count, Halo Wearables believes tracking hydration will prove more useful for athletes. See Also: Fitbit buys Pebble as wearables consolidation continues “Hydration for us is another element which has […]

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Is the Apple Watch now the most accurate wearable?

The Apple Watch has been touted as the most accurate wrist-based wearable in a new study from the Cleveland Clinic, published in JAMA Cardiology. The study was performed on 50 healthy adults, who wore an electrocardiogram (EKG), Fitbit Charge HR, Apple Watch, Mio Alpha, Basis Peak, and a chest strap for several hours. See Also: […]

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McDonald’s Happy Meal wearable rubs people the wrong way

McDonald’s has prematurely ended fitness tracker sales in the U.S. and Canada, which came inside the fast-food chain’s Happy Meal. Intended as a way to get kids active, McDonald’s inadvertently caused a lot of parents to worry what was happening to their child’s skin. It received complaints from customers about skin irritation a few hours […]

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Fossil bullish on wearables with big rollouts soon

American watchmaker Fossil revealed its plan for the future, and it involves a lot of wearables. In the second quarter earnings call, the company said it would embark on an “unprecedented launch” of wearables. In the next three months, Fossil CEO Kosta Kartsotis said it would launch eight wearables in three categories—hybrid, smartwatch, and activity […]

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Garmin stock surges following pivot from autos to wearables

Garmin’s stock price rose to its highest level in 52 weeks after reporting better than expected earnings and revenue for the second quarter. Investors were pleased to see Garmin transition from the lacklustre automotive industry to the growing fitness market. The automotive segment accounted for 39 percent of the company’s revenue in 2015, but now […]