Fossil exits the smartwatch business, shifting focus to traditional watches and accessories

Fossil Group has officially exited the smartwatch business, marking an end to its notable presence in the Wear OS market.

The decision reflects a strategic shift towards traditional watches, jewelry, and leather goods, emphasizing core business segments with robust growth prospects.

The Gen 6 smartwatch, launching in 2021, will be Fossil's latest foray into smartwatches, with the company committing to continue to support and update existing watches on Wear OS in the coming years.

The move is in line with industry observations as rumors and user reports hinted at Fossil's departure from the smartwatch arena.