Edition: Global  
One News Page
“Probably the fastest-access news portal in the world”
> >

Fitbit shares soar on news of diabetes monitoring feature on soon-to-be launched smartwatch

Proactive Investors Friday, 8 September 2017
Fitness tracker company, Fitbit Inc (NYSE:FIT) got the thumbs up from investors after it announced a collaboration with glucose-monitoring device company DexCom Inc. to allow diabetics to monitor their blood sugar through Fitbit’s new soon-to-be launched smartwatch. Fitbit saw its shares closing up 9.8% at US$6.49 after the news on Thursday. In premarket, its shares continued to hit highs, trading up 11.68% at US$6.60.  The company announced that it plans to make data from DexCom’s continuous glucose monitors available on its first smartwatch, which is now available for pre-orders. Fitbit to better compete with Apple's smartwatch The Ionic watch, which is priced from US$300 is set for delivery in October. Fitbit hopes to offer the diabetes monitoring feature in 2018. In a statement, the company said the collaboration would allow both companies to “develop and market products to help people better manage their diabetes and get a more complete picture of their overall health with easy-to-use mobile tools.” READ: Fitbit to challenge Apple Watch with launch of its own smartwatch The smartwatch offers some functions that do not require the use of a smartphone, which analysts believe will be a plus point and lead to higher sales. Further, a device that helps the around 400 mln people globally who suffer from diabetes, is seen as another positive factor. The Dexcom collaboration will allow users to see their glucose readings at a glance on their Ionic watch face against their fitness-tracker data whether they are running Dexcom’s app on a phone using an Apple or Android OS, said Adam Pellegrini, general manager of Fitbit Health Solutions. The move into the health care arena has set the stage for Fitbit to better compete with Apple’s smartwatch, analysts noted.
Share on
Share on
Post on 
Share by
Source: Wochit Tech - < > Embed

News video: What to Expect With New Apple Watch 3

What to Expect With New Apple Watch 3 00:41

According to Digital Trends, details of the Apple Watch 3 are likely to surface at Apple's highly anticipated iPhone8 launch event on September 12, at their newly renovated California campus. Reports say that the Apple Watch 3 may be totally different than it's predecessors, with a new touch panels...

You Might Like

Recent related news

Snap, LendingClub, Fossil Group and more - AFTER HOURS

The Dow Jones reached a record high at the close yesterday, but closely followed tech firm  Snap Inc (NYSE:SNAP) sure went the other direction. Its shares...
Proactive Investors - Business

Apple Watch Series 3 with LTE will now stream music

Apple Watch Series 3 with LTE will now stream music
One of the early promises of an Apple Watch with phone-free, LTE service was the ability to stream music directly from the watch itself — only the Apple Watch...
The Verge - TechnologyAlso reported by •Softpedia

Nokia 2 launch, WhatsApp delete feature, Oppo F5 teaser and more: Daily news wrap

The week started with gadgets occupying the tech news space, and it continues to do so. The last day of October was occupied with smartphone leaks starting with...
BGR India - Technology

Taking the News Out of Facebook's News Feed Could Hurt Publishers

Taking the News Out of Facebook's News Feed Could Hurt Publishers
A new feature that Facebook recently has been testing in a handful of countries could hurt publishers everywhere if it should roll out globally. The feature...
E-Commerce Times - Internet

Facebook to soon start testing ‘red envelope’ payments feature

Facebook may soon start testing two features — “red envelope” that would enable users send money to others from the platform, and a “breaking news” tag...
BGR India - Technology

Geron shares race up in pre-market after FDA news

  Shares in Geron Corp (NASDAQ:GERN) raced up almost 10% to US$2.26 before the bell in New York on FDA news. The key Food and Drug Administration (FDA) has...
Proactive Investors - BusinessAlso reported by •bizjournals

Burberry reveals surprise departure of Christopher Bailey, its chief creative officer and previous CEO

Burberry PLC (LON:BRBY, OTC:BURBY) has revealed plans for the surprise departure of Christopher Bailey, its chief creative officer who also acted as the fashion...
Proactive Investors - Business

Qualcomm hit by Apple rumors ahead of earnings update on Wednesday

The bears had their teeth into Qualcomm Inc (NASDAQ:QCOM) on Tuesday as rumors emerged Apple Inc (NASDAQ:AAPL) is dropping it as a components supplier. The...
Proactive Investors - Business

Other recent news in Business

AT&T ordered to sell CNN as part of TIME WARNER dealStocks slide amid worries that the GOP TAX PLAN may be delayed
FTSE 100 slides as BURBERRY shares fall out of fashionThere's a lingering question about the GOP TAX plan, and 'hundreds of billions of dollars' could be at stake
Europe contradicts UK over citizens' rights as BREXIT talks resumeThe government is offering SAUDI ARAMCO a $2bn loan guarantee
NVIDIA is about to release its earnings (NVDA)GERMANY coach Low impressed by England's green shoots
BOEING's $37bn China deal for 300 planes takes offSAUDI ARABIA has detained more than 200 people in an anti-corruption purge that touched $100 billion


Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2017 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+