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Jawbone says it has no plans to exit the fitness wearables business

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Jawbone says it has no plans to exit the fitness wearables business

Jawbone has issued a statement claiming that recent reports stating it is exiting its fitness wearable business are “false”.

Late on Friday, TechInsider claimed that Jawbone was stopping production of its UP fitness devices and selling off its remaining inventory to a third party. In a statement sent to Engadget, Jawbone said:

Speculation that Jawbone is exiting the wearables business or going out of business altogether is false. This speculation appears to emanate from wrongful insinuations made in a blog post in which the reporter has since posted a “Correction.” Unfortunately, other media picked it up before the reporter posted a correction and spread this false information. Jawbone remains wholly committed to innovating in and building great wearables products. The company has never been more excited about its pipeline of technology and products and looks forward to sharing them when ready. We manage our inventory positions according to internal business processes, and strat…

Jawbone has issued a observation claiming that fresh reviews mentioning it is exiting its fitness wearable business are "false".

Past due on Friday, TechInsider claimed that Jawbone was stopping production of its UP fitness devices and promoting off its last stock to a 3rd get together. In a observation despatched to Engadget, Jawbone stated:

Hypothesis that Jawbone is exiting the wearables business or going out of business altogether is fake. This hypothesis seems to emanate from wrongful insinuations made in a weblog submit through which the reporter has since posted a "Correction." Sadly, different media picked it up prior to the reporter posted a correction and unfold this false knowledge. Jawbone stays wholly dedicated to innovating in and construction nice wearables merchandise. The corporate has by no means been extra desirous about its pipeline of generation and merchandise and appears ahead to sharing them when in a position. We organize our stock positions in accordance to inner business processes, and strategic product lifecycle goals. This example is no other and we will be able to proceed to make stronger all of our merchandise in the market.

For its phase TechInsider says:

So, to be transparent (since some individuals are deciphering this document incorrectly), Jawbone isn't exiting the wearables business. You'll be able to nonetheless purchase the UP fitness trackers. Jawbone simply bought its last stock to a third-party reseller. Our source reconfirmed that the present line of UP trackers don't seem to be being constructed at this time, even though there is all the time the choice to make extra if the present stock sells out.

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