Fitbit takes a shot at Apple

This week's highlights: Robinhood just upped the ante on consumer deposits, Qualcomm launches a new line of chipsets and wireless modems , AT&T launched the US' first 5G mobile network , and much more

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WEEKEND ROUNDUP Fitbit's new smartwatch OS updates are a direct response to the Apple Watch Fitbit unveiled a bevy of updates to its smartwatch line on Monday that directly compete with the offerings of rival Apple. The Fitbit OS 3.0 update — available for the Ionic and Versa smartwatches — includes expanded tracking of sleep, water intake, and weight data alongside new health and wellness apps. Fitbit also released two new application programming interfaces (APIs) — the frameworks developers use to create new apps — to facilitate the creation of new health and fitness apps for Fitbit devices. The updates provide the foundation for new applications that could make Fitbit devices more valuable to health firms. Business Insider Intelligence's Nicky Lineaweaver has the full story. Business Insider Intelligence Daily is just a preview of Business Insider Intelligence. Get started, risk-free today to unlock research reports, briefings, industry forecasts, exclusive data, and more. BRIEFING HIGHLIGHTS Robinhood just upped the ante on consumer deposits Commission-free trading startup Robinhood has upped the ante on the battle for consumer deposits with the launch of high interest rate paying accounts, per the company's blog post. Read More → Qualcomm launches a new line of chipsets and wireless modems he new 9205 series of LTE modems will provide companies building IoT devices with a chip design that will enable various types of connectivity at a lower cost than prior generations. Read More → AT&T launched the US' first 5G mobile network AT&T announced that it would launch the US' first 5G mobile network Friday, December 21, across 12 cities, with plans to expand the network to an additional seven in the first half of 2019. Read More → Elon Musk's SpaceX is raising $500 million for satellite internet The company is looking to launch a massive network of satellites into orbit to provide internet service for devices on the ground, which would offer companies and consumers an alternative to cellular. Read More → Amazon's online grocery lead is shrinking Online grocery sales in the US are growing much more quickly than the overall grocery market and are expected to reach $59.5 billion in 2023 — up from $23.9 billion in 2018, according to data from Institute of Grocery Distribution. Read More → Facebook needs honesty on data-sharing to regain trust Facebook is once again under fire for possible mismanagement of user data, this time over the social giant's third-party data-sharing, according to the latest bombshell report by The New York Times. Read More → Lyft's latest app update is part of its product diversification plan Ride-hailing company Lyft recently rolled out an update to its app that effectively makes it a one-stop transportation shop for residents of Santa Monica, Los Angeles, and Washington D.C. Read More → China is an outlier in global ATM trends Global ATM installations are expected to drop to 3.23 million by the end of 2023, after reaching a peak of 3.28 million in 2017 — which marked the 50th anniversary of the ATM's inception — according to a study from RBR Research. Read More → Consumers expect VR to become a part of daily life On average across 11 markets, 65% of consumers expect that VR will become a part of daily life, according to a recent survey conducted by Facebook. Read More → The FCC is giving carriers control over text messages Text messages weren't previously classified under the Communications Act, which categorizes content as either information services under Title I, which are lightly regulated, or telecommunications services under Title II, which are more heavily regulated. Read More → Did a friend forward you this newsletter? Get it daily by clicking here. RESEARCH IN FOCUS The Payments Ecosystem In this brand new 2019 report, Business Insider Intelligence explores how changes will impact the digital payments industry in both the short- and long-term. The report traces the path of an in-store card payment from processing to settlement to clarify the role of key stakeholders and assess how the landscape has shifted. It uses forecasts, case studies, and product developments from the past year to explain how digital transformation is impacting major industry segments and evaluate the pace of change. Finally, it highlights five trends that should shape payments in the year ahead, looking at how regulatory shifts, emerging technologies, and competition could impact the payments ecosystem. Learn More → The Fintech Ecosystem In this brand new 2019 report, Business Insider Intelligence details recent developments in fintech funding and regulation that are defining the environment these startups operate in. We also examine the business model changes being employed among different categories of fintechs as they strive to embed themselves further in mainstream finance and prove sustainability. Finally, we consider which elements of the fintech industry are rapidly rubbing off on incumbent financial services providers, and what the future of fintech will look like. Learn More → VR in the Enterprise In the VR In The Enterprise report, Business Insider Intelligence explores how VR can provide value to retailers and brands in three areas: sales, employee training, and product development. The report begins by discussing potential pain points the technology addresses for each use case, examining in-depth case studies to illustrate how companies have implemented the technology, and outlining the broader takeaways each use case presents for brands and retailers. Finally, it looks at some of the potential barriers to further enterprise adoption and how both companies and VR incumbents are actively addressing those obstacles. Learn More → Do you already have Business Insider Intelligence access through your company? Check here. CHARTS OF THE WEEK Sellers and payment providers need to balance offering variety with simplicity to capture online spend. How mHealth apps can help payers and providers offer personalized care — and ultimately lower costs. Social VR unlikely to be the killer app that drives VR to the mainstream. Business Insider Intelligence Daily is a free newsletter highlighting topics the Business Insider Intelligence research team finds interesting. 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