Category

Smart watch

Category

Fossil announced plans to sell its smartwatch IP to Google for USD 40 million. The deal is supposedly for a smartwatch technology currently under development and involves the transfer of a number of Fossil employees to Google. “Wearables, built for wellness, simplicity, personalization, and helpfulness, have the opportunity to improve lives by bringing users the information and insights they need quickly, at a glance,” Wear OS VP Stacey Burr said in a statement. “The addition of Fossil Group’s technology and team to Google demonstrates our commitment to the wearables industry by enabling a diverse portfolio of smartwatches and supporting the ever-evolving needs of the vitality-seeking, on-the-go consumer.” Wearables, in general, have struggled recently. This includes Google’s wearable operating system, Wear OS. The smartwatch space continues to be dominated by Apple. Its top competitors, Fitbit and Samsung have opted to go different routes, supporting the Pebble-based Fitbit OS and Tizen, respectively.…