- Intel (NASDAQ:INTC) has axed the division that worked on health wearables, including fitness trackers, sources told CNBC.
- The company has been slowly de-emphasizing its own line of wearables for the past several years, and has not mentioned wearables on its earnings calls since 2014.
- Intel let go about 80% of the Basis group in November, and eliminated the entire division about two weeks ago.
Intel ditches health wearables
Recommended For You
About INTC Stock
Related Stocks
| Symbol | Last Price | % Chg |
|---|---|---|
| INTC | - | - |
| Intel Corporation | ||