Internet of Things & Wearable Technology Insights
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Internet of Things & Wearable Technology Insights
Internet of things and wearable technology insights, research, innovations & product news
Curated by Jeff Domansky
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Nike Denies FuelBand Shutdown, but Layoffs Could Reveal New Cracks in Wearables Market

Nike Denies FuelBand Shutdown, but Layoffs Could Reveal New Cracks in Wearables Market | Internet of Things & Wearable Technology Insights | Scoop.it
Nike says it will continue to sell the FuelBand SE, but the future of their sports devices unit remains unclear.
Jeff Domansky's insight:

Lots of speculation and challenges with high manufacturing costs, profitability and talent..

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Nike has reportedly fired most of its FuelBand team and is getting out of the hardware business

Nike has reportedly fired most of its FuelBand team and is getting out of the hardware business | Internet of Things & Wearable Technology Insights | Scoop.it
Nike has let go most of the members of its FuelBand wearables unit and will stop developing new versions of the device, according to a report by CNET. The tech news site quoted an unnamed person “familiar with the matter” as saying that the firm has laid off 70 to 80 percent of its 70-person…
Jeff Domansky's insight:

Market alliances already? 

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