Intel set to be another wearables casualty

It’s a sub-sector which has promised more false dawns than the England Football team, and now it seems the wearables division has claimed Intel as its latest victim,
According to sources at The Information, Intel will be shutting down its New Devices group, a division it set up in 2013 to make fitness trackers and smart-glasses. After ploughing an unknown amount of cash into the experiment, probably a scary number of millions, the division will be resigned to the scrap heap.
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