Connect with us

Hi, what are you looking for?

Tech News

Fossil is quitting smartwatches

Amazon Alexa and Calm apps shown on Fossil Gen 6 Wellness Edition in the watch’s main app menu
The Fossil Gen 6 Wellness Edition. | Photo by Amelia Holowaty Krales / The Verge

Fossil Group has decided to call it quits on smartwatches.

The company announced this afternoon that it would leave the smartwatch business and redirect resources to its less-smart goods instead. The company has been one of the most prolific makers of Wear OS smartwatches over the years, and its absence will leave a large gap in the market.

“As the smartwatch landscape has evolved significantly over the past few years, we have made the strategic decision to exit the smartwatch business,” Fossil spokesperson Amanda Castelli tells The Verge. “Fossil Group is redirecting resources to support our core strength and the core segments of our business that continue to provide strong growth opportunities for us: designing and distributing…

Continue reading…

You May Also Like

Editor's Pick

One of the key themes, if not THE theme, of 2023 was the dominance of the mega-cap growth trade. The Magnificent 7 stocks handily outperformed...

Editor's Pick

Eric Gomez On January 25, Taiwan’s military inducted its first group of conscripts for a one‐​year service period since Taipei announced the extension of mandatory...

Editor's Pick

In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews where the markets stand as we head into earnings from MSFT, GOOGL, AAPL and...

Editor's Pick

The previous week was reduced to just a short 3-day trading week as Monday was declared a special holiday while on Friday, the markets...