If there was any doubt that 2016 was a bad year in the wristwear business, look no further than the 4th quarter results that Fitbit announced today. The company -- widely counted as the leader in the consumer wearables market -- had told stock analysts that it would sell about $725 million worth of trackers in the quarter; the actual number was about $580 million. Rather … [Read more...]
Fitbit Buys Coin’s Wearable Payments Tech
Fitbit's been trying for more than a year to get NFC payment technology into its products; we picked up a strong rumor a few months ago (which we were unable to adequately confirm) that Fitbit had built production quantities of a fitness tracker with payment tech but was unable to get it to work properly. Today comes news that Fitbit has bought the wearable payment tech … [Read more...]