fitbit

Fitbit buys Pebble as wearables consolidation continues

Fitbit is reportedly buying the troubled Pebble smartwatch in further consolidation in the flagging wearables market. Full details and dollar value of the deal hasn’t yet been made public but the two firms, which were said to be in the final stages of a tie-up prior to Thanksgiving, have now reportedly inked a deal. And […]

World’s second biggest wearables maker debuts new smartwatch

Chinese wearables maker Huami recently launched its latest product —  the Amazfit smartwatch. Anhui Huami Information Technology Co. Ltd. launched its new connected wearable device in late August. Huami, which is headquartered in the eastern Chinese city of Hefei, is better known as the maker of the Xiaomi fitness tracking wrist band which has sold more than […]

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Worn in China: Chinese wearable shipments soar in 2016

China may become the world’s largest wearable customer in 2017, if sales continue to surge as they have in 2016. In the past year, the country has seen an 84 percent increase in wearable sales, reaching 9.5 million between April and June this year. Analyst firm IDC revealed the numbers earlier this week and predicted […]

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Smartwatches fail to keep time despite wearables growth

The wearables market has seen over 67 percent annual growth in the past twelve months, but the smartwatch industry continues to drag down the numbers. Market research firm IDC posted sales results for the first quarter, which shows Fitbit and Xiaomi ahead of the rest by a considerable margin. The two companies hold 24.5 and 17 […]

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Juniper: Expect contactless payments to surge

Contactless payments from smartphones and wearables is still a small segment of the payments market, but might see a surge in usage over the next two years, according to Juniper Research. The research firm predicts the value of the smartphone and wearable contactless payments to rise from $35 billion to $95 billion in 2018. See […]