Fitbit news and archive

Wearable device market to hit 150 billion dollars annually by 2027

London - The wearable device market is expected to hit over 150 billion US dollars in sales annually by 2027, according to new research from IDTechEx. New advancements in wearable technology are being fuelled by increasing global interest, leading to numerous companies investing in new product development, including the likes of Nike and Apple....

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Fitbit confirms assets acquisition of Pebble

London - Although the abandonment rate of wearables remains high, that has not deterred wearable device maker Fitbit from acquiring the intellectual property, personnel and software of Pebble, smartwatch manufacturer. Fitbit confirmed it had acquired specific assets from Pebble Wednesday morning, including key personnel, intellectual property...