Pebble reportedly on the rocks and seeking bank financing

pebble time steel news version 1438252766
Even with $18 million in the bank, Pebble might be facing issues with its finances, according to TechCrunch.

According to “sources close to the company,” Pebble turned to a Silicon Valley bank in order to get a $5 million loan and $5 million line of credit after venture capital firms turned down its requests for more funding. Even with the company’s wildly successful Kickstarter campaign for the Pebble Time and Pebble Time Steel, which raked in $18 million after fees, sources said the company had to turn to the bank “in order to stay afloat.”

The main reason behind Pebble’s alleged problem with maintaining its growth is related to the firm’s competition, which now includes a slew of Android Wear watches, as well as Apple’s own entry in the wearable market, the Apple Watch.

Even with these financial troubles, however, the firm’s employees are “cautiously optimistic” about Pebble’s prospects. “We’re a young company,” said one anonymous employee. “It’s been a remarkable journey thus far.”

With Pebble currently employing over 150 people, and still hiring, the firm is in a situation where bank financing is not uncommon for the purpose of managing growth. In addition, the wearable market is still a young one that looks to ripen in the next four years, if Cisco has anything to say on the matter. Even so, the indication that Pebble has already amassed significant debt, even with venture capitalists seemingly handing out money left and right, is a bit troubling.

Also consider how Pebble’s competition is now comprised of companies that dwarf it both in size and in name recognition. Whether Pebble is nimble enough to properly respond both to its competition and to its financial troubles is yet to be seen.

Home Theater

ESPN Plus scores the exclusive rights to UFC Pay-Per-View events

If MMA is your game, then ESPN Plus is now a very important player. The Disney-owned service locked up the exclusive rights to UFC Pay-Per-View events, a deal that will last through 2025 in the United States.
Deals

Make some time for the best smartwatch deals for March 2019

Smartwatches make your life easier by sending alerts right on your wrist. Many also provide fitness-tracking features. So if you're ready to take the plunge into wearables and want to save money, read on for the best smartwatch deals.
Deals

Looking to upgrade? These are the best iPhone deals for March 2019

Apple devices can get expensive, but if you just can't live without iOS, don't despair: We've curated an up-to-date list of all of the absolute best iPhone deals available for March 2019.
Deals

It’s time to check out the best Apple Watch deals for March 2019

The Apple Watch has surged to prominence in recent years. If you're in the market for an iOS wearable, we've sniffed out the best Apple Watch deals available right now for all three models of this great smartwatch.
Wearables

Garmin adds a splash of spring color to its Instinct hiking smartwatches

Just in time for the spring season, Garmin is refreshing its Instinct GPS smartwatch with a fresh coat of paint that brings three new colors to this outdoors-focused watch that debuted last fall.
Mobile

Apple patent suggests Apple Watch bands could have built-in fitness indicators

Apple may be exploring ways to make Apple Watch bands a little more useful. A new patent has been filed by Apple that suggests Apple Watch bands could eventually have indicators for things like fitness goals.
Wearables

The Tacs Nato-Lens is a watch for those who live life through a camera lens

Not all watches have to be round, or connect to your phone. The Tacs Nato-Lens is a stylish piece of wristwear with a design inspired by classic SLR cameras, making it a geeky timepiece for the camera and watch fan.
Wearables

Fossil made a smartwatch in 2004, and it’s part of a new brand retrospective

Fossil has been making watches for 35 years, and to celebrate the anniversary, it has a new retrospective exhibit complete with the first smartwatch it made — the Wrist Net watch from 2004.
Wearables

Fossil is working on a smartwatch with BMW, and it’s coming next year

Fossil, the watch company that makes smartwatches under its own name and partners with other major brands too, intends to launch a smartwatch with car manufacturer BMW in the future.
Mobile

Diesel’s denim-inspired smartwatch straps are a casual, colorful must-own

Diesel will release two new versions of the On Full Guard 2.5 smartwatch later this year, with seriously cool, denim-inspired straps in classic Diesel colors. We tried them on at the Baselworld 2019 show.
Wearables

Tips and tricks to get you started with your new Fitbit Inspire HR

The Inspire HR may be an entry-level fitness tracker in Fitbit's lineup, but the device still has plenty of features to explore. These are our favorite tips and tricks to help you use the Inspire HR to its fullest potential.
Deals

REI drops deals on Garmin Fenix 5 and Vivoactive 3 smartwatches

Garmin's activity trackers offer a lot of advantages for health-conscious individuals and outdoor adventurers, and with spring finally here, now’s a fine time to jump on the smartwatch bandwagon. REI’s Garmin sale is the perfect chance…
Wearables

Alpina makes its AlpinerX smartwatch even more attractive with new colors

Alpina has introduced four new colors to its AlpinerX smartwatch range, breaking the usually sporty watch out into a more everyday casual design, and given the tech a slight makeover too.
Mobile

New gold finish makes Frederique Constant’s hybrid smartwatch flashier than ever

Frederique Constant has found considerable success with its luxury hybrid smartwatch, the Hybrid Manufacture, and has launched several new color schemes to help bring it even more attention.