Win 2 tickets to every event for a year! Click here to enter.

Present by The Daily Herald
The Herald of Everett, Washington
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up | Manage  Green editions icon Green editions


Weekly business news
HeraldNet Newsletter Delivered to your inbox each week.
Published: Thursday, July 4, 2013, 12:01 a.m.

Best Buy to offer Pebble smartwatch

NEW YORK -- Pebble Technology Corp., a watch maker that raised more than $10.2 million on crowdfunding website Kickstarter, will beat Apple Inc. and Samsung Electronics Co. into stores with its smartwatch.
Best Buy Co. will exclusively begin selling Pebble's black smartwatch in its stores on July 7, Pebble said Tuesday. The $150 watch, which is compatible with devices that run both Apple's iOS and Google's Android mobile software, is already available on Best Buy's and Pebble's websites.
The retail debut of Pebble's wearable device follows Apple filing a request June 3 in Japan to trademark the "iWatch" name, while Samsung in March said it was also working on a smartwatch. Neither company has discussed details or said when the watches might go on sale. Sony Corp. has sold its SmartWatch, which wirelessly connects to phones using Android, for more than a year.
Best Buy approached Pebble last year about selling the smartwatch in its stores, Pebble Chief Executive Officer Eric Migicovsky said. Pebble has sold more than 100,000 of the devices since the company held its Kickstarter campaign in 2012.
"In order to break through and get into other markets, we knew that we needed to go beyond our standard website shipping," Migicovsky said. "We decided to partner with Best Buy because we think Best Buy has a good grip on the wearable-technology space."
There are more than 1,100 apps available for Pebble, Migicovsky said.
"The Pebble moving into retail stores does show some proof of consumer demand, but it's important to remember that Pebble units sold over the last year are still only around 100,000," said Brian Blair, an analyst at Wedge Partners Corp. in New York.
Apple may not introduce a smartwatch unless the iPhone maker sees a significant market opportunity, Blair said.
According to technology market-research firm ABI Digital, 1.2 million smartwatches will be sold globally this year with sales of $370 million. ABI projects that smartwatch sales will increase 20-fold by 2015.
Pebble smartwatches in red will be available in Best Buy stores in August, while more colors -- orange, grey, and white -- will be available on Pebble's website, the firm said.

Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus
digital subscription promo

Subscribe now

Unlimited digital access starting at 99 cents, or included with any print subscription.

HeraldNet highlights

No-nonsense intensity
No-nonsense intensity: Neeson at his best as private eye in 'Tombstones'
Good reminder
Good reminder: In the NFL, even the best teams will face tough times
Hop over to Whidbey
Hop over to Whidbey: Alpacas to zinfandel, there's a lot to explore on farm tour
Diving right in
Diving right in: MG's Wherley has proven to be a natural on the diving board