Rumors began last week, and it is now officially announced that smartwatch maker Pebble is acquired by Fitbit. The acquisition means no new smartwatches will be sold under the brand Pebble.
According to reports, Fitbit purchased Pebble for less than $ 40 million. Fitbit is interested in the acquisition mainly for Pebble’s current software and patents. The Pebble Core and the Pebble Time smartwatches will no longer appear on the market.
Ignited from Kickstarter
Pebble was one of the most famous smartwatch manufacturers. The product originated through crowdfunding on Kickstarter. In 2013, the first smartwatch appeared which was a great success. But the smartwatch market is stagnating, even Pebble has been facing many difficulties in recent times.
“However—due to various factors—Pebble is no longer able to operate as an independent entity. We have made the tough decision to shut down the company and no longer manufacture Pebble devices.”
The company wrote in a blog post.
“This news has several major implications, and we hope to answer as many questions as possible here, in Kickstarter Update #17, and on our Support site.”
The warranty on the smartwatches expires automatically. Customers who have not received their ordered wearable will get their money back.
Users can still find replacement charging cables and other compatible accessories such as bands, skins, etc. from Amazon.com and other third-party vendors.