TomTom may soon stop making wearables and action cameras

TomTom may be stopping production of its line of fitness trackers and sports watches after disappointing sales.

Key members of the TomTom wearable team have left the company in recent weeks, according to sources known to Wareable.

This comes soon after the company published its Q2 earnings report that showed a 20% year-on-year decline in revenue from the wearables space.

No more Spark

The source also claims the company had also been producing a TomTom Bandit 2 camera, but now the plans have been shelved for the foreseeable future so the company may drop action cameras altogether as well.

TomTom CEO Haold Goddijn followed it up the earnings report with an investors call saying, "We want to focus on Automotive, Licensing and Telematics businesses and we are reviewing strategic options for our Sports business." 

Goddijn did not confirm he wanted to keep open or close the 'Sports' arm of the TomTom business. TechRadar has asked TomTom for comment and we will update this story when we hear back. 

The report comes less than a week after the news of Intel dropping its wearables division and further word of fitness tracker company Jawbone shutting down too.

If this new report about TomTom is true, it may mean we won't ever see a follow up to the TomTom Spark 3 (which features in our best fitness tracker ranking), Touch Cardio or the Runner 3.



Contributer : Techradar - All the latest technology news http://ift.tt/2vFAEfU

TomTom may soon stop making wearables and action cameras TomTom may soon stop making wearables and action cameras Reviewed by mimisabreena on Tuesday, July 25, 2017 Rating: 5

No comments:

Sponsor

Powered by Blogger.