Fossil is Quitting Smartwatches

Fossil Group has decided to call it quits on smartwatches. The company announced Friday that it would leave the smartwatch business and redirect resources to its less-smart goods instead. From a report: 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 exciting traditional watches, jewelry, and leather goods under our own as well as licensed brand names." This means that the Gen 6, which first launched in 2021, will be the last Fossil smartwatch. Castelli says the company will continue to keep existing Wear OS watches updated "for the next few years."

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