Jawbone is said to be planning a complete abandonment of consumer wearables with the intention of making products for clinicians and health care providers. TechCrunch reports Jawbone has been raising money to fund the transition.
It's reportedly received $951 million from investors like JP Morgan. Most of the money has already been spent "with very little to show in returns." Jawbone wants to make the transition since companies in the healthcare wearables field have been doing better financially.
The consumer market already has a few big players, such as Fitbit, and it's hard for any others to do well.
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