fossil

Xiaomi on Top as Smartwatch Shipments Surge in Q2, Hit 26 Million

Smartwatch sales surged in the second quarter while sales of basic wearable fitness trackers declined for the first time, signaling a turning point in the market, according to data released Thursday. Market research firm IDC reports that the market for smartwatches like the Apple Watch and Android Wear devices grew nearly 60.9 percent during the second quarter of 2017 compared...

Watchmaker Fossil Group Acquires Misfit for $260 Million

The wearables trend isn’t going away anytime soon, folks. The Wall Street Journal reports Fossil has agreed to purchase wearable fitness tracker Misfit for $260 million: Watchmaker Fossil Group Inc. has agreed to acquire startup Misfit Inc., a maker of wearable fitness trackers, for $260 million. Sonny Vu, chief executive and co-founder of Misfit, will...