Pebble turn by turn directions

No, I don’t mean Pebble is in trouble because the most obvious choice when looking to buy a smartwatch is now Apple Watch. Pebble is in trouble because despite the incredible success of its latest Kickstarter campaign, the company is having a hard time, financially speaking.

John Biggs at TechCrunch has the scoop:

Smartwatch maker Pebble seems to be in some trouble. According to sources close to the company, the company is having trouble maintaining its growth and has turned to a Silicon Valley bank for a $5 million loan and $5 million line of credit. Valley VCs have been turning down the company’s requests for new capital.

As a previous Pebble user and an all around believer in healthy competition in business, this news saddens me yet doesn’t surprise me much. Squeezed between, Android Wear, Apple Watch, and the plethora of Fitbit-like devices, it seems it’s become increasingly harder for Pebble to make a place for itself.

The company is far from being dead, though, as Biggs note that Pebble is still hiring, but at the same time, the company desperately needs money “in order to stay afloat.”

Pictured above, me and my Pebble before our inevitable break up.

Source: TechCrunch

  • Wow, hard to believe especially in light of their huge kickstarter campaign that totally crushed their expectations. I love my Pebble and have held off on purchasing the iWatch until it gets a bit more traction and stability in the market. It is pretty though, but I am looking forward to my Pebble Time!

    • Oscar

      What’s an iWatch? You mean, Apple Watch?

      • Yes, thanks for trolling, Oscar.

      • Oscar

        NP!

  • Andrew

    It’s a shame. I love my Pebble Steel to bits. I’d drop it for an Apple Watch in a heartbeat, don’t get me wrong, but I still love it for what it is and can do. Especially with Smartwatch+ on my jailbroken iPhone.

    • Antzboogie

      Exactly I thought they were doing so good I’m surprised.

  • Noah Vaillancourt

    🙁

  • Zach Bennett

    Even though I have an Apple Watch now, my Pebble still gets use. I will use my Pebble at the pool & in the shower as a remote to control music. Pebble was my first Smart Watch & this is sucky news. But like Sebastien said, it’s not surprising.

  • Hussain Alsanona

    Still people calling it iWatch and that pissing me off. It’s “Apple Watch” people!

    • Donstil

      No it’s not Apple Watch it is watch.

      • Hussain Alsanona

        Do we should laugh or what ?

      • TechToch

        ترى مقولة نضحك اما ماذا تنفع بالعربي فقط وليس بالانجليزي هههه

      • Hussain Alsanona

        ما عليك هو بيفهمها، اهم شي الحشرة هههههههه

      • Oscar

        It’s watch… now laugh, please!

      • MereUser

        No… more like apple logo watch

      • Oscar

        HAHA! I love it. Apple Logo Watch.

      • jer3old

        Oscar is a troll.

      • Oscar

        I see.

    • get a grip… whatever.

    • jalexcarter

      Why do you care. It’s not like you’re the one who decided to name it that.

  • Josh Reebel

    Well this is sad because I just ordered a Pebble Steel. But I love my OG Pebble and I will love my Steel regardless.

  • That_Fruitarian

    It’s a tough world out there.

  • whacko

    Ahh geez, don’t go quoting that un-sourced Tech Crunch article. There is nothing in that article but wild speculation with zero evidence or proof.

    Even TC’s regular readers have lambasted that article in TC’s comments section.

    • David Fabian

      I was going to say the same thing. Let’s not get ahead of ourselves yet, the TechCrunch article is not very well sourced. We can speculate, but the iDownload Blog headline “Pebble is in trouble” is misleading and only adds to the echo chamber of shaky rumors.

      Pebble may need to scale back their operations, but they have built a pretty solid platform with developers, third party integrations, and new product and OS shipping this month. Let’s see how the next few months go before writing the obituary.

  • Ángel Javier Esquivel

    Sebastién, how much you want for your Pebble?

    • It’s not for sale

      • Ángel Javier Esquivel

        🙁

  • Lucus Bendzsa

    I have a Pebble Steel that has gone bad two times both with a glitchy screen. This is a common preoelm and is why Pebble is going under. I just want my AppleWatch with Apple Care.

    • Digitalus

      Common? This the first I’ve ever heard of anything like that. My Pebble Steel has had no issues at all. Sounds like you’ve just had bad luck.

    • Eldaria

      Honestly, My original Kickstarter Pebble starting having the screen glitch a month ago. It has been problem free for the whole time since I got it, long battery time, able to go swiming even snorkling. When it started glitching, I sent a mail with a video of the issue and serial number to Pebble, a week later without any hassle or questions, I had a new Pebble. Now that is customer service.

  • Mark Tesch

    Love that last line in the article:p

  • Martynet

    Hi Sébastien, do you miss any function of the Pebble watch? I’m still using Pebble watch because Apple Watch is not available in Ireland, yet. Anyway, one of the things I do very frequently is skipping the songs and changing volume while commuting… I use the buttons on the side so I don’t have to look at the display at all… That’s probably one of the things I’ll miss when I switch to Apple watch. I use bluetooth headphones and I can pause the music or change volume on the left ear cup but it’s much easier with Pebble. I assume I have to activate the screen on apple watch to skip songs or change the volume.

  • Digitalus

    I can’t imagine them being in financial trouble after running such a mindblowing Kickstarter campaign for the Pebble Time and Time Steel. I question the validity of this information.
    I stuck to my guns and held off on getting a 1st-gen Apple Watch and after all the reports I’ve read, I’m glad I did. I’m now eagerly awaiting my Time Steel.

  • Rowan09

    If this is true it’s because of horrible management.

  • Dhoklastellar Fafda®™

    I find it hard to digest that Pebble is struggling after Apple being the last entrant to the smartwatch party. What about all those Pebble loyalists?

  • Ekitchi

    “the most obvious choice when looking to buy a smartwatch is now Apple Watch”.
    And for what reasons, please? Because it’s Apple?
    This is one of the worst Apple product ever made. Lots of people regret their AW. No useful applications, it’s just another Smartwatch; except it costs more.

  • jalexcarter

    When will google maps make an apple watch app already. Hate using apple maps.

  • Tommy Gumbs

    This is not reliable information. Growth many times requires new debt. It does not always signal financial troubles. For all we know, they may need to the money to invest in R&D. Who knows!

  • WaterTrooper

    Because a company takes a loan from a bank they are doomed. Umm…okay.

  • Dean Kolenda

    Don’t be an idiot, Apple is crap overpriced “tech” that cost 120 dollars to make but sell for a lot more, and just because it is “apple” does not mean is the best or even good at all. The apple watch is a great example of this : 1st, apple watches sell for 321 dollars to 10,000 dollars and cost 84 dollars to make (except the gold one because is has real f*king gold in it) 2nd Every fan boy out there is like “the apple watch!!! soooo cool ,apple are always innovative and first to ideas!” First touchscreen smart watch : 3 years ago by Samsung. 3rd, apple in general suck. The technology in the products is far behind, but they make it look new, second no customisation whatsoever!, IOS sucks, it is nowhere near close to the features of android. So to sum up this long ass comment, Don’t be a idiot and just buy apple products because their “apple” Look for other phones and smartwatches because there are way more phones with way more features.