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.