Google Fuels ‘Pixel Watch’ Rumors in $40 Million Deal for Fossil Smartwatch Tech
The deal, which is being described as “transactional” and can see a few of Fossil’s R&D division be a part of Google, will result in the launch of a “new product innovation that is not but hit the market,” mentioned Fossil VP and chief technique officer Greg McKelvey.
Talking to Wearable, McKelvey mentioned the brand new product relies on know-how that Fossil has been growing out of its $260 million Misfit acquisition in 2015. “It is new to the market know-how and we expect it is a product that has options and advantages that are not within the class at present,” he added.
Google confirmed that the brand new product line will be a part of the Put on OS household, though neither firm revealed when the merchandise that ultimately emerge out of the partnership can be launched.
The deal is of course fueling speculation that Google is planning an own-branded direct competitor to Apple Watch. Tentatively billed the “Pixel Watch” by market watchers, the brand new line is alleged to be made up of three fashions, codenamed Ling, Triton, and Sardine, though the main points finish there.
Google is thought to be engaged on new health and well being monitoring options for its Put on OS, which may theoretically make their debut within the rumored watch, whereas Fossil not too long ago diverged from its step-counting wristwatch vary by saying a Put on OS-based devoted Sport smartwatch with built-in GPS and heart-rate sensor, suggesting at present’s deal may lead to a brand new fitness-focused gadget.