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Pebble smartwatch sells out, hits $10 million in funding

Written by Andre Yoskowitz (Google+) @ 10 May 2012 21:04 User comments (4)

Pebble smartwatch sells out, hits $10 million in funding The extremely popular Kickstarter project Pebble has sold out, 8 days ahead of its expected close date.
Pebble, which smashed all Kickstarter funding records, reached $10 million and 85,000 units pre-ordered, causing founder Eric Migicovsky to shut down the funding process earlier than its May 18th end date.

Migicovsky also announced that the company has had to double its team from five employees to ten.

The Pebble is compatible with iOS and Android and has a 1.26-inch 144 x 168-pixel black and white ePaper display with a backlight. The device syncs to your phone or tablet via Bluetooth 2.1 + EDR and the company just added support for Bluetooth 4.0 via a future firmware update.

Additionally, the watch has a three-axis accelerometer, a vibrating motor and four control buttons for volume and more.

View details of the incredible little smartwatch here: Pebble Smartwatch on KickStarter

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4 user comments

110.5.2012 22:09

I think it's lame they stopped production at 75,000 for at $10,000,000 they easily could have found a way to partner with someone to mass produce these watches properly. With 8 days left of funding to boot, they could have easily doubled their donations. Now people won't even bother as they know they won't be getting the watch.

Sweet idea, sweet that they smashed the record; shame that anyone else interested gets screwed.

210.5.2012 22:45

Originally posted by Mysttic:
I think it's lame they stopped production at 75,000 for at $10,000,000 they easily could have found a way to partner with someone to mass produce these watches properly. With 8 days left of funding to boot, they could have easily doubled their donations. Now people won't even bother as they know they won't be getting the watch.

Sweet idea, sweet that they smashed the record; shame that anyone else interested gets screwed.
Be reminded... they were only expecting to manufacture 1000 when they launched the project.

311.5.2012 5:43

Originally posted by DVDBack23:
Originally posted by Mysttic:
I think it's lame they stopped production at 75,000 for at $10,000,000 they easily could have found a way to partner with someone to mass produce these watches properly. With 8 days left of funding to boot, they could have easily doubled their donations. Now people won't even bother as they know they won't be getting the watch.

Sweet idea, sweet that they smashed the record; shame that anyone else interested gets screwed.
Be reminded... they were only expecting to manufacture 1000 when they launched the project.
I know, but that doesn't change the fact they have 10 million donated. That's a lot of $ and may I remind you WAY past their target. You look at the updates for what they are doing for their product and in no way will that chew through paying for their employees, production, manufacturing, OS/Software implementation and so forth. They would have a lot left over, unless they decide to pocket themselves, which in that case kind of seems like taking advantage of the consumers investment. That's really what I was trying to say. $10 million to produce only 85,000 watches; come on...

But still I also said, good for them; they may not be ready for such a heavy scale launch so want to perfect the 85,000; but like my spouse said, if that's the case, why not just let the people who donate $100 have their watch on back order as an option?
This message has been edited since its posting. Latest edit was made on 11 May 2012 @ 5:44

411.5.2012 9:39

Aye, I'm depressed I may never get to see one. Surely they'll eventually mass produce, or someone else will come along and fill the niche.


~*Livin' Electronicallly*~

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