Jawbone, one of the largest manufacturers of wearables on the planet, is ceasing its activity, announcing that it will sell all its goods and will no longer launch new products. Jawbone was one of the first companies to sell wearables and has products appreciated by many people, but the appreciation did not keep the sales at a high level, so now the company announces that it will close.
Jawbone began to register substantial sales declines at the time when Apple Watch was launched, but it is not the only one that suffers from the competition made by the Apple product. Jawbone no longer produces wearables since September of last year, and the stocks it had were sold to a third party, at a dumping price.
Last year, Jawbone denied the information according to which it no longer produces wearables, but now it was forced to recognize them and admit that it is ceasing its activity. Unfortunately, the wearables market was left without a very important player due to the disappearance of Jawbone, but we are most likely talking about other companies that will announce the same thing in the not too distant future.
Jawbone Health Hub from the "ashes" of the Jawbone company, the president Hosain Rahman launching this company to focus on medical products. The former president of Jawbone has already raised serious amounts of money for the new company, so his ideas are appreciated and there are enough people who trust that he can produce their money in the coming years.
"Despite shuttering the business, Jawbone believes it is still worth a significant amount of money due to its pending litigation with rival Fitbit, according to the source."
Jawbone started testing medical products last year, but failed to make one that was good enough to be sold to clinics or hospitals. Finally, Jawbone Health Hub will continue to provide support for Jawbone wearables in use, and so after Pebble, another important player has disappeared from the wearables market.
