Sunday , June 20 2021

Google obtains Fossil smartwatch technology

Mountain View (APA / dpa) – Google gives new impetus to speculation about plans for its own computer clock with a purchase. The Internet company receives $ 40 million worth of smartwatch technology from the Fossil watch specialist. The companies left open in Thursday's announcement exactly what technology is.

At the same time, a part of Fossil's development department goes to Google, but the company will keep more than 200 employees in the area.

Fossil is a heavyweight in fashion watches. The company watches come under brands like Marc Jacobs, Michael Kors, Diesel, Skagen, DKNY or Emporio Armani. The company based in Texas has been heavily involved in the business of computer clocks and hybrids in recent years. In doing so, Fossil brands use the wearOS smartwatch system developed by Google based on Android. While Android leads the smartphone sales market with a market share of more than 80%, computer watch specialists still see the 2015 Apple Watch up front.

Google develops Android and provides the operating system for smartphone manufacturers – competing with them at the same time, even with their pixelated phones. The industry has speculated for some time that the Internet company can offer users of their cell phones their own smartwatch. Among the makers of Android phones, especially Samsung is still active in the computer watch business, while several other providers have withdrawn after the modest success of their models.

~ ISIN US02079K1079 WEB ~ APA004 2019-01-18 / 01: 21

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