Facebook building smartwatch with health features: The Information
Reuters
Published Feb 12, 2021 05:05PM ET
(Reuters) - Facebook Inc (NASDAQ:FB) is building a smartwatch that will let users send messages and also offer health and fitness features, The Information reported https:// on Friday, citing people with direct knowledge of the device.
The social media giant plans to start selling the device next year, according to the report, a move that would mark its entry into a market currently dominated by Apple Inc (NASDAQ:AAPL) and Huawei.
Facebook's smartwatch will work via a cellular connection, letting users send messages through its services and also connect to the services or hardware of health and fitness companies, such as Peloton Interactive (NASDAQ:PTON), according to the report.
Menlo Park, California-based Facebook has been foraying into the hardware sector in recent years, coming up with products including virtual reality headset Oculus and video chatting device Portal.
Facebook did not immediately respond to Reuters' request for comment.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.