Why Motorola might be giving up on Smartwatches | Mobile phone latest news Google+ Follow Smartfonefreaks on Twitter

Motorola might be giving up on the idea of making smartwatches as it seems we might never see a successor to the 2015 Moto 360
Lenovo, who are Motorola's parent company have said that they will not be working on a new smartwatch to be released in time for Android Wear 2's launch next year according to The Verge. 
The company's head of global product development Shakil Barkat is of the opinion that smartwatches just don't do well enough in the market and it would not be justifiable to develop a new smartwatch at this point in time.
Based on Barkat's statements, smartwatches and other wearable devices aren't doing too well and haven't been able to attract enough audience to make a regular refresh viable.  
Barkat did say though that Moto believes that the "wrist still has value," which means that we can never say never, but in the interim it's definitely not going to happen.
So if you're a fan of their earlier smartwatches or you own one, cherish it, it might be the last produced.

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