Fitbit confirms its smartwatch will arrive later this year, but LTE support is no go

Today, Fitbit CEO James Park told Financial Times in an interview that the company's smartwatch hasn't been delayed and that it will be launched later this year. According to him, the Fitbit smartwatch will focus on endurance rather than high-end features like LTE support.
Unfortunately, Park hasn't mentioned anything about the software running on the Fitbit smartwatch, so it's unclear whether the company will use its own ecosystem, Pebble's software, or an entirely different one.
Another important aspect that remains to be clarified in the coming months is the price of the Fitbit smartwatch. Hopefully, the company's expectations, as well as consumers' will meet somewhere in the middle so that we can have a product decently priced.
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