LOADING...
Log in and
comment
Username or Email
Password
Forgot password?
Or
Join and
publish
You're almost done! Define a user name and password.
Username
Email
Password
Senha
» Tip Us Hey you, we are hiring! Join us if you are an author, developer or designer!

Google buys Fossils’ ‘secret’ smartwatch tech for $40 million

18 January 2019 3

Google and Fossil today signed a $40 million deal where Fossil will sell some of its smartwatch technology and members related to the R&D team responsible for creating the intellectual property to Google.

Immediately after the news broke out, Fossil’s shares jumped about 8 percent. This deal also means that Google will now have an experienced team which can work internally on its WearOS platform for wearables. This deal also hints that Google may be working on its own smartwatch.


Fossil group is one of the few brands that has been continuously making smartwatches based on WearOS which has otherwise not really been able to compete with rival Apple’s wearables as yet.

According to Fossil’s executive vice president of chief strategy and digital officer, Greg McKelvey the technology is a “new product innovation that’s not yet hit the market.” It is still not clear as to what the innovation is and why Google acquired it, however, the fact that Google saw it and found that it could bring the technology to masses in form of a product and expand it across the industry.

"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," said Stacey Burr, vice president of product management, Wear OS by Google.


3

Comments

Join our community » Google buys Fossils’ ‘secret’ smartwatch tech for $40 million
Android

Most affordable 4GB RAM smartphones | February 2019

Android

Top 5 best bezel-less smartphones | February 2019

Android

Top 5 Compact smartphones available for purchase in January 2019

Android

Best dual front camera smartphones | February 2019