Fitbit appears to be holding its own against the Apple Watch and may have even outsold the device in the U.S. in May, according to estimates from one market researcher.
Fitbit sprinted into Wall Street in its debut as a public company Thursday, as its shares opened 52 percent higher than the price that the wearables company had set for them.
Wearable devices that track steps and monitor sleep may have been dismissed as fads, but Fitbit's upcoming initial public offering paints a different picture.
Jawbone has filed its second lawsuit against Fitbit in less than two weeks, claiming its activity tracking products infringe several of Jawbone's patents.
Fitbit, whose wearable devices collect data on users' fitness activities and sleeping patterns, plans on pricing its initial public offering at US$14 to $16 a share, raising up to $358 million if its stock sells on the high end of the range.
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The intense rivalry in the wearables market has spilled over into court with Jawbone accusing rival Fitbit of "systematically plundering" its employees, trade secrets and intellectual property.
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Fitbit, the maker of wearable activity trackers, has filed to go public and revealed some strong sales numbers in its pitch.
You don't need to splurge on a fitness tracking device to record how much you've walked, because smartphone fitness apps do the job just as well, and sometimes better.
The tech industry's most influential companies spent record amounts of money on federal lobbying in 2014 despite a general drop in lobbying by most tech companies. The spending was often directed at areas away from the central business of technology,...
Who says you have to sacrifice on looks if you're into wearable tech?
Fitbit, a startup that makes wearable devices for activity tracking, is being sued following reports that users of its Force device developed skin rashes.
Fitbit is set to launch a new activity and sleep tracking wristband with built-in altimeter and clock functions, according to US technology site The Verge.
Fitbit has finally updated its Android app to support Bluetooth 4.0 syncing.
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