Jawbone sells inventory of its fitness trackers

Jawbone logoReportedly, Jawbone has stopped production of its highly popular fitness trackers UP2, UP3, and UP4. It’s been over a year since the company launched a new fitness tracker, and it’s unclear if the company will start production of UP trackers ever again.

According to a report by Tech Insider, Jawbone has decided to sell its remaining inventory of fitness trackers to a third-party reseller. It seems that the company has been struggling to sell the fitness bands, and it's been forced to accept a discount price from the reseller, in order to keep the business going.

Apparently, Jawbone doesn’t intend to exit the wearables business, but there’s little information on the company’s future plans. Still, Jawbone fitness bands are available for sale, but only at a third-party reseller whose name hasn’t been disclosed yet.

A few months ago, Jawbone CEO Hosain Rahman stated that the company raised $165 million in funding, to be used for creating clinical grade fitness trackers. This might mean that the company is considering exiting the consumer tech market and tackling medial tech. Back in January, the company was valued at $1.5 billion, down 50% compared to April 2015.

Jawbone sells inventory of its fitness trackers

Jawbone launched its latest flagship fitness tracker, the UP4, in June last year, but hasn’t introduced anything new to the wearables market since then. The Jawbone UP2, UP3, and UP4 fitness trackers don’t come with a display but do a great job of syncing with a smartphone app. The app analyzes sleeping patterns, movements, the number of calories burned in a day, and it even comes with a virtual trainer.

Jawbone has been struggling on the market, facing fierce competitors, like Apple’s Watch, Fitbit, and even some Android devices.

The company also discontinued its Bluetooth speaker business and is trying to sell this inventory too. These are just rumors at this point, but more information on the matter should surface soon.

Source: Softpedia

Tags: technologies

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
You can use a security key instead of having a code sent to your phone
 
Adobe says that the AI can now achieve the intended result in seconds
 
A new security protocol replacing the aging WPA2
 
Download and install at your own risk, of course
 
More iPhone parts likely to be produced by Samsung
 
Starting on Friday, video views on YouTube will start to be counted by the Official Charts Company
 
LG has already announced two new V-series members in 2018
 
The method is blocked and the hack doesn’t work, it adds
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
 123456
78910111213
14151617181920
21222324252627
28293031   




Poll

Do you use microSD card with your phone?
or leave your own version in comments (11)