Internet of Things News of the Week, July 7, 2017
Intel lays off 140 working in IoT: This isn’t unexpected after the decision to stop producing several maker boards a few weeks back, but Intel has laid of 140 people in Ireland and in the U.S. who worked on its Joule, Edison and Galileo boards. Intel’s IoT business generated $721 million in revenue during the first quarter of 2017, but this is a fraction of its data center operations, which brought in $4.2 billion in the first quarter. (Fierce Wireless)
FitBit can’t build a smart watch … yet: Jawbone’s liquidation might be good news for FitBit, which has clearly won in the fitness tracking category. However, with such a commodity product, FitBit is trying hard to diversify. That may not be going so well, as Mark Gurman reports the company’s smart watch plans are in trouble. (Bloomberg) Read more…