Pebble, once the darling of the smartwatch world, recently sold off its software division to fitness tracking company Fitbit. The news angered existing Pebble users -- without software updates, their devices would become obsolete.
The deal, which cost $40 million, didn't include Pebble's hardware, but it appears the company won't be making more wearables. Reports indicate Pebble is pulling production on its Pebble Time 2 watch, which recently wrapped up a Kickstarter campaign. Early backers will receive refunds in the near future.
