Jawbone Speakers

Jawbone Big Jambox speakers.

Courtesy Photo

Jawbone has reportedly put its speaker business up for sale, in order to focus exclusively on health and wearables. 

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Fortune reported the news Friday (May 27), though Jawbone declined to comment. The move does not come as a great surprise, as it has been speculated since the company's U.S. speaker market share decreased to 5 percent last year. 

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Since 2010, Jawbone has been well known for its wireless Bluetooth speakers, but the market has become saturated with competition. 

The company launched its first non-audio product, a wearable activity tracker, in November 2011.