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Pebble Gets Acquired By Fitbit - Ends Production and Ceases Support Of Its Existing Lineup of Smartwatches (getpebble.com)
Reader phorm writes: In a notice to Kickstarter backers, pebble has stated that -- following the acquisition by Fitbit (official now) -- they will no longer promote, manufacture, or sell devices. Further, while existing functionality may continue, it is likely to be degraded and warranty support will no longer be provided. This includes any recently shipped Pebble models. For those that were eagerly awaiting shipment of Pebble Time 2 and other newer devices, those devices will not ship at all. Pebble has indicated refunds will be made within 4-8 weeks. Those expecting their money may not want to hold their breath, however, because a contradictory statement made by to backers by email says that refunds will be made via Kickstarter by March 2017.Fitbit said it is only purchasing software assets from Pebble.
That source is in financial trouble and unable to produce the displays Pebble depends on.
Therefore Pebble has no products to sell and thus no cash flow.
Therefore Pebble has had to wind down operations and pay off creditors.
Pebble's IP has some value to Fitbit and hiring a few of Pebble's suddenly-available engineers is a no-brainer but Fitbit has no interest in the Pebble company or it's products.
The lesson is to be very leery of DEPENDING on a single source supplier. Pebble was a healthy going concern until they could no longer get their needed displays. Then it went off the rails.
I don't read ACs: If a post isn't worth so much as a nom de plume to its author then I wont bother either.
They can pry my pebble watch off my cold, dead, wrist.... Huge loss... at least the developer forum says that the cloud stuff will continue to run and they are planning to spin it off to the user community to run in the future.