The scale and supply chain challenges involved with ramping flagship iPhones makes it hard to do outside of China. But some low-volume, high-margin products could be made in the U.S.
Fitbit is acquiring intellectual property and staff from Pebble, which is being shut down. Reports have suggested the deal cost between $34 million and $40 million.
The outlook on the wearable technology space is not all doom and gloom.
Chairman and CEO Lowell McAdam argues that Netflix started off modestly, too.