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damn FOSL really need the cash huh? $40M and they said yes!?
by jordache 8y ago
damn FOSL really need the cash huh? $40M and they said yes!?
- bytematic 8y agoDoes that not correlate with other wearable exits
- kkarakk 8y agoreminds me of pebble's "exit"
- ce4 8y agoprobably yes. The Apple watch has eaten into their market - the lower priced fashion watches. Not sure why they'd get rid of their smart watch division. Maybe because only one watch can have wrist time at a time (maybe except for Buzz Aldrin) and Apple catches a big portion of the market by default already (almost all of the iPhone userbase). https://www.hodinkee.com/articles/smartwatches-fossil-apple-update-2017 https://www.hodinkee.com/articles/smartwatches-fossil-apple-...
- jethro_tell 8y agoisn't fossil owned by swatch? They have a generally successful actual watch business, and they probably just decided it's time to stop losing money on this since it's not actually a core business.
- notatoad 8y agoPretty sure fossil is independently owned.
- ascorbic 8y agoThey're not getting rid of it. They're selling an unspecified chunk of IP and the team that worked on it. They're still going to produce smartwatches.