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(Reuters) - Amazon.com Inc on Thursday launched a fitness band and app, "Halo", as the e-commerce giant looks to take on Apple, Fitbit and Samsung in an increasingly crowded fitness tracker market. The Halo band would be priced at $99.99 while the app membership would cost $3.99 per month, according to Amazon. The market for wearables is highly crowded, with Apple Inc being the leader with a 29.3% share in the first quarter of 2020, according to data from market research firm International Data Corp. Rivalry for a greater share of the fitness band market has prompted Apple and Samsung to add features for health tracking, including electrocardiogram and blood pressure sensor. Alphabet Inc-owned Google said in November it would buy Fitbit Inc for $2.1 billion. Shares of the fitness tracker maker fell marginally in morning trading. Amazon said the water-resistant band, with a battery life of up to 7 days, contains an accelerometer, a temperature sensor and a heart rate monitor, among other features. (Reporting by Akanksha Rana in Bengaluru; Editing by Krishna Chandra Eluri) |
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