Wearable giant Fitbit acquires Pebble, the originator of smart watches: only for entering the medical field

December 9 news, recently wearable Fitbit manufacturers announced completion of the acquisition Pebble smart watch originator, founder and CEO of Fitbit yesterday, James Packer spoke Fitbit plans to enter the healthcare sector in a single event.

Although the public's attention is still focused on Fitbit's acquisition of Pebble assets, Parker hopes that everyone will pay attention to the company's future development around the medical business. "Wearing Fitbit should be able to save your life," he said, insisting that wearables are just fashionable, but in the future it could become a medical aid. Parker believes that daily activities, exercise, and blood sugar levels can be clearly linked.

Wearable giant Fitbit acquires Pebble, the originator of smart watches: only for entering the medical field

Fitbit's initial public offering (IPO) was unusually successful last June, but its share price has been falling from $47.60 in July last year, currently only $8. Of course, the acquisition of Pebble's software and intellectual property (IP) can boost its product line and help the stock rebound. Promoting transactions with health care leaders such as Medtronic can expand the company's market reach beyond that of fitness enthusiasts, and no longer simply rely on strategic partnerships to find consumers.

Wearable giant Fitbit acquires Pebble, the originator of smart watches: only for entering the medical field

In terms of production, the company has begun to use robots for the assembly of tiny parts. “We are moving equipment manufacturing to full automation,” Parker said. He added that in the near future, Fitbit will focus more on sensors and artificial intelligence, hoping to fine-tune technology and improve the reliability of health monitoring.

Wearable giant Fitbit acquires Pebble, the originator of smart watches: only for entering the medical field

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