Pebble this week issued a firmware update that removes device dependency on cloud services, meaning existing hardware will remain operable once parent company Fitbit shuts down legacy Pebble servers later this year.
Fitbit has confirmed it paid $23 million for smartwatch maker Pebble, far below the expected value of the deal when it was announced in early December, amidst both companies' struggles against the Apple Watch.
Jawbone could have become the latest acquisition of main rival Fitbit, with a report alleging the two fitness wearable competitors discussed a possible sale of assets at the end of last year, talks that ultimately broke down over a low-ball offer.
Although the Fitbit buyout means production of Pebble smartwatches is being discontinued, devices already on customers' wrists will be fully functional for at least another year, according to an official blog post.
New details about Fitbit's buyout of Pebble have emerged, namely that the deal is more about acquiring software and talent the company needs to fight Apple in the wearable arena, and less about the Pebble product line.
Pebble on Tuesday launched two new smartwatches on Kickstarter, the Pebble 2 and the Time 2, along with a new accessory, the Core — aimed at people who want to go running without their smartphone, as well as hacking enthusiasts.
While patents reveal Apple has explored the possibility of adding new functionality to the Apple Watch with connectable smart bands, a new Kickstarter campaign hopes to beat it to the punch with a GPS-connected, battery-equipped smart band for the Pebble Time smartwatch.
Smartwatch maker Pebble on Tuesday released a pair of matching firmware and iOS app updates, enhancing its Time series devices with a variety of health-related features, plus iPhone access to a "Send Text" option.
Apple's dominance of the growing wearables market will continue for the foreseeable future, market research firm IDC projected on Thursday, forecasting that the Apple Watch will control the lion's share of the smartwatch market through the year 2019.
U.S. retailer Best Buy on Monday launched preorders of the Pebble Time, signalling the first opportunity to buy the smartwatch for those who didn't back the project on Kickstarter, just days after the Apple Watch became available at Apple's own retail stores.
Silicon Valley venture capitalists are reportedly turning down requests from smartwatch maker Pebble for funding, leading to speculation that the company may be struggling following the launch of the Apple Watch.
Apple's App Store review policies have found yet another unwanted spotlight after the company allegedly rejected an iOS app update because its developer mentioned Pebble's competing smartwatch in the app's metadata.
Pebble on Tuesday announced a steel version of its upcoming Pebble Time smartwatch, as well as a new expandable accessory port called "smartstrap" that could add functions such as GPS or heart rate monitoring.