Connect with us

Wearable Accessories

Popular Fitness Tracker Manufacturer Jawbone Shuts Down, CEO Launches New Start-Up



Jawbone UP4

Jawbone, one of the popular names in the fitness tracker market is finally calling it a day and shutting down after a lot of struggle. The company is liquidating its assets and it the latest one in the wearable market to shut down, all thanks to growing market share of Apple Watch. However, the end of Jawbone is not al that surprising since the company had stopped manufacturing the wearables a long time back.

Back in 2016, Jawbone had stopped producing these wearables and in fact, they also stopped selling the wearables since September 2016. However, at that time, the company had deemed all those news are just rumors. Now according to the new reports which we have, the company has sold the remaining inventory to a third-party reseller at a reduced price. This was obviously done in order to get the much-needed cash influx.

The CEO of the company, Hosain Rahman, however, has no plans to exit the market anytime soon. He is instead going to work on his new startup Jawbone Health Hub. Yes, he has announced that he will be working on this new startup which focuses on providing clinical software and hardware. Apparently, Rahman has already managed to raise funds for the same, however, details on that are still unknown. And as far as the existing Jawbone devices in the market are concerned, they are not obsolete yet.

Xiaomi Accused again for Copying, this Time by Jawbone for Product Design

Yes, Jawbone Health Hub will reportedly service current Jawbone fitness trackers. This means that if you have purchased a Jawbone fitness tracker, then you should not be worried about it. While it is not surprising to the company shutting, it is indeed very disappointing to this happen. Jawbone of one of the leading player in the market once. It has been reported that the company was once valued at $3 billion, raising somewhere around $1 billion over the years.

However, now it looks like Apple Watch has taken the market by the storm has a lot of wearable companies are shutting down. Apple has, in fact, managed to overtake even Fitbit as the worlds’ top wearable vendor. Having said that, we would like to know your thoughts on this. Do you think Apple slowly killing every other wearable company with its growing business? Be sure to let us know by dropping a comment down below and also stay tuned to PhoneRadar for more info like this.

Via – 9to5mac

Continue Reading

Recommended Video

Connect on Facebook

Top 5

Top 52 months ago

Top Features of the Vivo V7 Plus Smartphone

Vivo has finally unveiled the all-new selfie-centric smartphone dubbed Vivo V7 Plus in India. Though it is the successor to V5...

Top 54 months ago

Top 5 Best Performing Smartphones Under Rs 30,000 You Can Buy in August 2017

2017 has been an amazing year for smartphones. We have seen some really great smartphones launching this year so far...

Top 56 months ago

Top 5 Features of the Panasonic Eluga Ray Smartphone

Panasonic launched the new Eluga Ray smartphone here in India a couple of weeks back. This is yet another offering...

Top 51 year ago

Top 3 Smartphones from UMi you should take a look at

UMi is a Chinese smartphone manufacturing company that has launched a couple of smartphones previously. The smartphone manufactured by the...

Top 51 year ago

Fix Top 5 Pokemon Go Problems like Server Issues, GPS error, Battery Drain

Pokémon Go by Niantic began rolling out to players across the globe, and like all any other new game release,...

Top 51 year ago

Top 5 Features of Samsung Galaxy On5 Pro & On7 Pro Smartphones

The South Korean smartphone manufacturer Samsung, has been doing pretty good job with the budget smartphone lineup. They have introduced...

iPhone 6s - 1750mAh Battery iPhone 6s - 1750mAh Battery
Top 51 year ago

5 Tips to Make your Smartphone Battery Last till the End of the Day

Smartphones are the most useful piece of gadget that we own, which helps us get our jobs done easily. We...

Samsung Galaxy S6 Edge Plus - Top Features Samsung Galaxy S6 Edge Plus - Top Features
Top 52 years ago

5 Most Important Features of Samsung Galaxy S6 Edge+

Samsung fans must be in awe this year, as they’ve got to see two new flagship devices within the span...

Top 5 Missing Features on Samsung Galaxy Note 5 Top 5 Missing Features on Samsung Galaxy Note 5
Top 52 years ago

Top 5 Missing Features on Samsung Galaxy Note 5

Samsung has launched the much-anticipated smartphone ‘Galaxy Note 5‘ with not much improvements over specifications, but you can find the...

Samsung Glaxat Note 5 Featured image Samsung Glaxat Note 5 Featured image
Top 52 years ago

Top 5 – Most Important features of Samsung Galaxy Note 5

Samsung Galaxy Note 5, the biggest announcement by Samsung Mobiles in New York. The features of the device are pretty...