Rumor: The Nike FuelBand and Wearable Technology Division of Nike is Being Cut

In an age where wearable tech has reached a turning point, Nike appears to be taking a slightly different stance by pulling the plug on the hardware team of its Digital Sport division. According to sources at CNET, the sportswear giant recently relieved the majority of a 70-person hardware team of their duties. The team was involved with the Nike+ FuelBand, SportWatch GPS and other sport-specific peripheral devices. Many industry experts speculate that this bold move indicates that Nike intends ...