Tech

Google is buying Fitbit for $US2.1 billion

Google is acquiring the popular wearable maker Fitbit in a deal worth $US2.1 billion, the tech giant announced on Friday. The deal is expected to close in 2020. Google is paying $US7.35 per share, a major premium on Fitbit’s current stock price. Visit Business Insider’s homepage for more stories. Google […]
Google is buying Fitbit for $US2.1 billion
Markets

Fitbit will move manufacturing outside of China to avoid US tariffs

Fitbit announced on Wednesday that its in the process of moving all of the company’s manufacturing operations out of China amid the ongoing threat of US tariffs. The company said it started looking for other locations to manufacture its trackers and smartwatches after the US-China trade war began in 2018. […]
Fitbit will move manufacturing outside of China to avoid US tariffs
Markets

Apple’s wearables business is now the size of a Fortune 200 company

In the face of slowing iPhone sales, Apple is quickly improving and expanding its other hardware products such as the Apple Watch and AirPods. According to UBS, Apple’s wearables segment is now the size of a Fortune 200 company on a trailing 12-month basis. The segment also contributed more revenue […]
Apple’s wearables business is now the size of a Fortune 200 company