Fitbit
Fitbit CEO James Park
Forget everything you thought you knew about Fitbit.
Jawbone's beef with competitor Fitbit is heating up, according to a report from Bloomberg.
In the past week, a few companies with wristworn activity tracking devices, Withings, Xiaomi, Jawbone, and Misfit, have announced new features or accessories for their trackers.
The commercial availability of the Apple Watch has not significantly affected Fitbit's sales, according to a report from Slice Intelligence, which aggregates data from online e-receipts.
Just days before its expected IPO, San Francisco-based Fitbit disclosed in another amended SEC filing that it will increase the price of its shares to between $17 to $19, which would see the company itself raising up to $425 million in its IPO.
Of wearable fitness device makers, Fitbit spent the most on advertising its devices last year, investing $21.
BodyMedia's patents, now owned by Jawbone, are at the heart of the new suit.
The wearable device market grew in Q1 for the eighth consecutive year, according to a report from research firm IDC.
Fitbit Surge
San Francisco-based Fitbit disclosed in an amended SEC filing that it plans to price its shares between $14 to $16 and raise up to $358 million in its imminent IPO.
Jawbone UP2
Just a few weeks after Fitbit filed for an IPO, one of the company's biggest competitors, Jawbone, has sued Fitbit, according to the New York Times.