Let’s all offer a big congratulations to the guys at Pebble. They sold 400,000 watches in all of 2013, boiling down to about 1100 per day if my math is right (400,000/365). For a company that started through a Kickstarter campaign, that’s a big accomplishment. Their total revenue was about $60 million, based off the $150 price of the original Pebble.
Of course, with Android Wear on the horizon, you’d think that their revenue will drop. But Pebble CEO Eric Migicovsky isn’t worried about that and analysts say that Pebble’s revenue could possibly double in 2014.
“When we started working on wearables six years ago, there were few players in the space and a lot of skeptics,” says Pebble CEO Eric Migicovsky of Google’s news. “It’s exciting to see this market grow so quickly — enabling more interesting use cases and keeping all of us laser-focused on creating the very best user experiences we can.”
Even with all this optimism Migicovsky and analysts have, it will be interesting to see how they will further advance the Pebble in order for it to keep up with Android Wear. But for now, they’re still the major smartwatch manufacturer. After all, the Moto 360 and LG G Watch won’t be coming until at least the summer.