After producing Bluetooth earpieces and wireless speakers for years, Jawbone pivoted to fitness wearables in 2011, with the debut of its UP health tracker. Then came two lawsuits in 2015, with Flextronics and Fitbit, and research that reported the company had captured only 2.8 percent of the fitness wearables market. So it should come as no surprise that Jawbone has entered into liquidation proceedings, and co-founder/chief executive Hosain Rahman is no longer with the company, having left for a new venture named Jawbone Health Hub. Continue reading Jawbone Is Liquidating, CEO Launches Jawbone Health Hub

Jawbone CEO and founder Hosain Rahman refutes recent reports that his company is halting production of its UP fitness trackers and selling the remaining inventory to a third party. “As some of you may have recently seen, there have been a few incorrect media reports that Jawbone is exiting the wearables business or going out of business altogether,” he wrote in a blog post. “These reports are unequivocally false.” Rahman suggests that an inaccurate report was posted online before a correction was published, and other media outlets ran the news based on the initial post. “We will continue to support all of our products,” he added. “UP2, UP3 and UP4 are still hugely popular and continue to sell well.” Continue reading News of Jawbone Selling Off its Inventory is False, Says CEO

After failing to gain traction in the wearables market currently dominated by Fitbit and Apple, Jawbone has ceased production of its UP line of fitness trackers and reportedly sold its remaining inventory to a third party reseller at a discount. It is not clear whether Jawbone plans to manufacture the fitness trackers again in the future. The company has also discontinued its Bluetooth speaker business and is currently looking to unload remaining inventory. According to multiple sources, Jawbone has been looking to sell its Jambox wireless speaker business. Continue reading Jawbone is Selling Speaker Biz, Puts Fitness Trackers on Hold