Fossil Group Exits Smartwatch Business

Company to continue supporting existing models while refocusing on core business segments.

Fossil Group has announced its exit from the smartwatch business, citing the industry's evolving landscape as the reason for its strategic decision.
The company has confirmed that it will continue to release updates for its existing smartwatch models for the next few years.
Fossil's exit leaves a significant gap in the Wear OS smartwatch market, as it was one of the few non-tech companies consistently releasing models.
The company's decision comes after months of speculation and a noticeable absence from recent product launches and industry events.
Fossil Group will now focus on its core business segments, including the design and distribution of traditional watches, jewelry, and leather goods.