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Chinese Device Maker Lenovo Group Ltd is looking forward to making smart wearables in India and raise its local market by three folds, a plan that will help to push Prime Minister Narendra Modi's vision of making India an electronics manufacturing hub. Sebastian Peng, Head of Accessories Lenovo Mobile informed in an interview that the tech giant aims to corner 20 percent share of India's market for wearables such as fitness bands and watches. He added, We have launched our product range in India and have received a positive response. We are looking to expand our porfolio including premium products. The company has managed to secure 6-7 percent of the market share of smart wearables since last year when they had started. It now aims to set up a manufacturing unit in India, where the sm...

San Francisco-based maker of digital health and fitness products, Fitbit has stated in its fourth quarter earnings report that it sold 8.2 million activity trackers in Q4 2015. it had sold 5.3 million activity trackers in the last quarter. The company also stated that its yearly unit sales nearly doubled to 21.4 million units sold in 2015 from 11 million in 2014. Founded and managed by James Park and Eric Friedman, Fitbit is known for its products of the same name, which are activity trackers, wireless-enabled wearable technology devices that measure data such as the number of steps walked, heart rate, quality of sleep, steps climbed, and other personal metrics. The first of these was the Fitbit Tracker. “We believe we are beginning 2016 with strong customer engagement and retenti...

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China based Lenovo Will Manufacture Smart Wearables in India

Fitbit Sold 8.2 Million Activity Trackers in Q4 2015