Is Jawbone Still in Business? The Latest Update
No, Jawbone ceased operations and went into liquidation in 2017 amidst intense competition in the wearables market, particularly from rivals like Fitbit.
The company faced financial challenges and legal battles, which ultimately led to the discontinuation of its products.
Here are some key details:
- Jawbone was founded in 1999 and initially made noise-canceling audio devices and Bluetooth headsets before moving into wearable fitness trackers like the UP band.
- At its peak in 2015, Jawbone was valued at around $3 billion, but it struggled to compete with Fitbit and smartwatches from companies like Apple.
- Jawbone began liquidating assets in 2017 after years of financial struggles. Its audio accessories business was sold off, and the company shuttered its remaining wearables division.
- The core company behind Jawbone’s products and intellectual property was purchased in 2017 by an unnamed company for around $165 million.
- Jawbone tried to rebrand as Jawbone Health Hub, focusing on healthcare.
- No new products are being offered under the Jawbone brand.
The Decline of Jawbone
Jawbone, founded in 1999, experienced early success with its innovative products merging technology seamlessly with daily life.
However, the company struggled to compete in the wearables market, particularly against rivals like Fitbit and Apple. Financial challenges and legal battles further complicated operations, leading to liquidation proceedings and the eventual cessation of Jawbone’s operations in 2017.
The company attempted to rebrand as Jawbone Health Hub but could not regain its market share.
Jawbone In Wearables Industry
Despite its decline, Jawbone had a significant influence on the wearables industry and consumer expectations. The company’s innovative products, like the UP fitness trackers and Jambox speakers, set a high bar for design and functionality.
Jawbone’s push into wearables and audio influenced major players like Bose, Sony, and Samsung. The company’s strong talent pool and focus on customer service also left an indelible imprint on Silicon Valley.
“Jawbone’s reputation for cutting-edge technology and sleek design made a lasting impact on the industry. Their products forced competitors to up their game and strive for greater innovation and user experience.” – Industry Expert
Even after its liquidation, speculation about new products and the future actions of the CEO kept industry watchers and former customers engaged. The legacy of Jawbone still resonates, and its influence remains in the minds of those familiar with the brand.
| Jawbone Products | Jawbone Reviews | Jawbone Website |
| UP fitness trackers | Highly rated for accuracy and sleek design | www.jawbone.com |
| Jambox speakers | Acclaimed for their powerful sound and portability | www.jawbone.com |
Frequently Asked Questions about Jawbone
Curious about the status of Jawbone? Here are some commonly asked questions about the company:
- What year did Jawbone cease operations?
Jawbone ended its business activities in 2017. The company faced intense competition in the wearables and wireless speakers markets, leading to its discontinuation.
- What is the current status of Jawbone Health?
Jawbone Health emerged as a separate company focused on health technology. While Jawbone no longer exists, the founder moved on to establish Jawbone Health Hub, which aims to deliver innovative solutions in the healthcare sector.
- Who acquired the assets of Jawbone?
The details of the asset acquisition were not widely publicized. However, it is known that Jawbone’s assets were obtained by undisclosed parties during the liquidation process.
- What happened to the Jawbone brand after it went out of business?
Following its closure, the Jawbone brand largely disappeared from the market. No new products are being manufactured or offered under the Jawbone name.
- Are Jawbone speakers still available for purchase post-company shutdown?
Although new Jawbone speakers are no longer being produced, it may be possible to find them through secondary markets or from third-party sellers. However, availability may be limited.
