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Gone are the days when fossil smartwatches were seen as a statement of style and technology. The company has officially exited the smartwatch market, leaving behind its last offering, the Gen 6 model. This shift may be attributed to the fierce competition from industry giants like Apple, which itself faced setbacks.
Apple made headlines by discontinuing its blood oxygen monitoring feature after a patent dispute deprived it of the technology. Furthermore, the company pulled the plug on its "Buy Now, Pay Later" service, Apple Pay Later, less than a year after its launch, and bid farewell to iTunes as it transitioned users to a new ecosystem of apps designed to manage media across platforms.