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Nike reportedly plans to abandon FuelBand (RCR Mobile Minute)

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The Mobile Minute is sponsored by SpiderCloud Wireless.
Nike is reportedly dropping out of the race for the wearable devices market by discontinuing its FuelBand product. The FuelBand is a wristband that tracks activity levels and fitness goals using mobile apps. Most of those apps work with iOS, not Android, so people who want to continue using Nike software will probably do so with Apple hardware. Nike is expected to lay off as many as 55 people who have been working on the FuelBand.

In other news, Netflix is planning to charge new customers a dollar or two more than it charges its current subscribers. Netflix charges $8.00/month for streaming service, and in a letter to shareholders CEO Reed Hastings said new customers will pay $1.00 to $2.00 more, depending on the country. He also hinted that existing customers will eventually see the same price hike.

 

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