Nike to Exit Wearables, Drop FuelBand Line

Nike has discontinued its FuelBand product and will exit the wearable hardware space, the company confirmed to CNET on Friday.

The footwear giant will carry out "a small number of layoffs," the company said in an email to CNET. The company plans to emphasize software in its electronics offerings.

Nike will not go forward with the planned new version of the FuelBand, but will continue to sell the previous edition.

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