Intel Has Axed the Group Working on Fitness Trackers and Health Wearables (cnbc.com)

Intel has axed the division that worked on health wearables, including fitness trackers, CNBC is reporting citing a source. From the report: The company has been slowly de-emphasizing its own line of wearables for the past several years, and has not mentioned wearables on its earnings calls since 2014. In November, TechCrunch reported that the company was planning to take a step back from the business after its acquisition of the Basis fitness watch didn't pan out as expected. Intel denied at the time that it was stepping back. But a source told CNBC that the chip maker in fact let go about 80 percent of the Basis group in November. Many of the people were given the opportunity to relocate to other parts of the business. About two weeks ago, Intel completely eliminated the group, this person said. The company's New Technologies Group, which looks at cutting-edge business areas, is now focusing on augmented reality, another source told CNBC.

Comments

Their own worst enemy.

[Gravis Zero]

Honestly, Intel is hurting itself badly by insisting on everything they make being x86, poorly documented and overpriced. Desktops are the only place that x86 even matters (due to Windows). Itantium and their IoT tanked not because it was bad but because of their own bad behavior. Intel deserves it's slow death because they have earned it by being greedy jerks who would rather sabotage the competition than make their product more accessible.