Reports indicate Jawbone is selling speaker business, stopped fitness tracker production

According to two new reports, Jawbone is having some major problems.

According to  Tech Insider, the company has stopped making its Up fitness tracker. Additionally, the company has sold-off its remaining inventory at a discount to a reseller.

When reached for comment, a Jawbone spokesperson told Mashable that it “wasn’t commenting on the speculations made in the reports today but we can say with certainty that we are not selling our fitness tracker business.”

That statement isn’t necessarily at odds with Tech Insider’s report. It’s very possible Jawbone is planning to restart production later (if it has indeed stopped). It could also be selling off older inventory in the lead-up to release a new device. It’s been more than a year since the last flagship Up device was released. Read more...