Jawbone looked for buyer – report - Mobile World Live

Jawbone looked for buyer – report

09 AUG 2016

Wearables company Jawbone is reported to have attempted to sell out to “at least one hardware manufacturer” in recent months, according to The Information.

It was also said that the company had delayed August payments to at least one of its “business partners”.

This is not the first time it has been reported that all is not well for the company. In May, it was said that production of its fitness trackers had stopped, with its inventory shifted on to a third-party distributor.

The company has not unveiled a new wearable for some time: its last update was new design and colours for its Up bands a little under a year ago.

As recently as January 2016 the company announced a funding round, raising $165 million, although its valuation has dropped. According to The Verge, the company has raised almost $900 million since 1999, as it has worked in areas such as Bluetooth headsets and speakers as well as wearables.

While the wearables market has seen impressive growth in recent years, it remains competitive, with Fitbit leading the way for fitness bands, followed by low-cost products from Xiaomi and higher-tier devices from Garmin.

And smart watches such as Apple Watch also offer similar functionality.

It has previously been reported that Jawbone is also (separately) looking to offload its Bluetooth speaker business.


Steve Costello

Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist...More

Read more