this post was submitted on 27 Jan 2024
254 points (98.1% liked)
Technology
59534 readers
3197 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is the best summary I could come up with:
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.
“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 shouldn’t come as a huge shock if you’ve been paying attention to Fossil the past few months.
The company regularly put out smartwatches through Wear OS’s toughest years and was often a permanent fixture at CES.
What’s more, Fossil was expected to announce news of a new Gen 7 featuring the Qualcomm Snapdragon W5 Plus platform in 2023 — however, it was nothing but crickets the entire year.
The original article contains 287 words, the summary contains 160 words. Saved 44%. I'm a bot and I'm open source!