Olio, makers of one of the more interesting high-end smartwatches, says it has just closed a $10 million Series A funding round led by New Enterprise Associates. In addition, the company has put on sale its latest round of limited-edition watches, led by versions plated in yellow or rose gold. As we've written previously, Olio has developed its own hardware and software … [Read more...]
First-Day US Apple Watch Sales Estimated At About 1 Million
Someone tell Tim Cook that he can start the production line. The e-commerce consulting company Slice Intelligence estimates that 957.000 Apple Watches were pre-ordered on Friday, the first day of "availability." The average customer bought 1.3 watches, and spend $504 per watch. Sales were skewed to the less-expensive Sport watch -- 62 percent of those buying -- at $383.83 … [Read more...]
New Boutique Watch Company, Olio, Launches Smartwatch
There have been one or two smartwatch announcements over the last year, mostly coming as extensions of already well-established companies. For all the trumpeting, (and with Pebble as a very notable exception), actual new smartwatch companies are pretty thin on the ground. That's one reason that Olio is so interesting. Here's a company, based in Silicon Valley, with roots in … [Read more...]