CES 2016: Fitbit smartwatch panics investors – here’s why

Fitbit’s a market leader in wearable tech via its fitness tracking bands so its entry into the growing smartwatch sector should mean good news, right? Wrong! The company’s shares actually fell as much as a massive 18% yesterday after the company announced its first full-colour smartwatch. So what was that all about? Investors obviously panicked…

CES 2016: WowWee unveils Robot AI dog

The maker of MiP (the cute self-balancing robot) is unveiling another robot ‘toy’ at CES in Las Vegas that’s likely to induce “I want one” feelings in anyone but the hardest hearted. WowWee’s newest offer is CHiP, a robotic dog with “an AI personality”. CHiP stands for Canine Home Intelligent Pet and is described by…

Welcome to the future: Robotics market to soar

The robots are coming… no don’t panic (not yet anyway). But a new report does show consumer robotics growing from 33 million shipments and $3.5bn today (who knew?) to 165 million shipments and $17bn in revenue in 10 years’ time. Will we see robots making up a segment of the luxury goods industry some time soon? You never know.