The market research house Canalys is projecting that 53.6 million cellular smartwatches -- ones that don't need to be tethered to phones -- will be sold in the the year 2020. At first blush, that looks like a pretty enthusiastic prediction, particularly in light of the company's wildly optimistic count of 7.5 million being sold this year. The underlying logic, though, … [Read more...]
Fitbit Prices IPO at $14 to $16, Raising $350M at $3.1B Valuation
Fitbit has updated its S-1 filing, preparatory to going public, saying it expects to price the nearly 40 million shares it will sell at between $14 and $16. Of the shares going on the market, 22.4 million of them are being sold by the company; the other 7.5 million are being sold by existing shareholders. At the midpoint of the selling price, the IPO will add $336 million to … [Read more...]
New Canalys Figures Show Fitbit Leading Wearables Market — For Now
Canalys, which has a better-than-most handle on the size and shape of the consumer wearables market, is out with its 1Q15 numbers, and they show Fitbit maintaining its lead in a growing market. Overall, the research company said the wearable band market grew 150 percent year over year, with more than 7 million units shipped in the first quarter. The company did not publicly … [Read more...]
Android Wear Has 5 Percent of the Smartband Market, Less Than Pebble, Says Canalys
Remember when Android Wear was going to take over the smart band market? Hasn't happened yet, according to market research firm Canalys. The company says 740,000 Android Wear devices shipped in 2014, out of a total 4.6 million smart bands. (Keep in mind that Wear-based devices only were available in the second half of the year, though.) Pebble alone shipped 1 million units … [Read more...]
Smartband Business Jumped 684 Pct This Year, Says Canalys
Fitbit, Jawbone, and Samsung are leading the smartband business, says the industry analysis shop Canalys, whose earlier work has impressed us. On a worldwide basis, the smartband market grew 684 percent from 1H13 to 1H14 -- although Canalys doesn't say if that's units shipped or revenue. Due to their relationships with distributors, Fitbit and Jawbone lead the basic … [Read more...]