Fossil was a well-known participant in the smartwatch industry during Wear OS's early stages. It used to provide a wide range of wearables with the OS of smartwatches. However, since Google released Android smartwatches (the Google Pixel Watch 2, which currently retails for $299.99 on Amazon) in conjunction with Samsung, the brand has been comparatively quiet.
The most recent major addition to the brand's smartwatch lineup was the Fossil Gen 6, to give an example. Wear OS 3.5 was just recently released for it, having launched two years ago. Official word on whether Wear OS 4 will be available for the Android wearable is still lacking, and it appears that this smartwatch may not have a successor either.
According to rumors from people close to Fossil and interviews with staff members, the company will be dropping its Wear OS smartwatch line. The wearable manufacturer won't release a Gen 7 smartwatch if this occurs. The absence of events from the brand in this watch category is consistent with these reports.
For background, there was no information released about the Fossil Gen 7 during the typical summer release schedule. Additionally, as previously indicated, the Wear OS 3.5 update was released last month for the Gen 6 smartwatch, while the Wear OS 4 update was released two months ago for the Samsung Galaxy watches (Watch 6, currently available on Amazon for $266.15).
Additionally, there's a major sale going on right now for Fossil Gen 6 Android smartwatches. As the official website is currently offering a discount of over 50%, it appears that the brand is trying to clear out its inventory. However, it's important to note that the company hasn't made an official statement on this.