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Mountain View (APA / DPA) – Google is giving new impetus to speculation on the plans to buy its own clock. The Internet company receives 40 million dollars (35 million euros) in smartwatch technology from the watchmaking specialist Fossil. The companies remained open at Thursday's announcement regarding exactly the technology.
At the same time, part of the development department of Fossil has been entrusted to Google, but the company will retain more than 200 employees in the region.
Fossil is a heavyweight in the fashion watches sector. The company's watches belong to brands such as Marc Jacobs, Michael Kors, Diesel, Skagen, DKNY or Emporio Armani. The Texas-based company has been heavily involved in the business of computer and hybrid watches over the last few years. To do this, the fossil brands are based on the system WearOS developed by Android. While Android dominates the smartphone sales market with a market share of over 80%, computer watch experts still see the Apple Watch 2015 in the lead.
Google develops Android and puts the operating system at the disposal of smartphone manufacturers, who compete with them simultaneously, even with its pixel phones. It has been speculated for some time in the sector that the Internet company could also offer users of its mobile phones its own smartwatch. Among Android phone manufacturers, Samsung is still active in the computer watch industry, while various other vendors have pulled out after the modest success of their models.
~ ISIN US02079K1079 WEB https://abc.xyz/ ~ APA004 2019-01-18 / 01: 21
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