Motorola is temporarily leaving the smartwatch market

During the course of a recent interaction with The Verge, Shakil Barkat -- Motorola's Corporate Vice President of wearables and product development -- said that Motorola is planning to temporarily quit the smartwatch market.

The disclosure by Barkat implies that Motorola is, at least for the present, bringing its incredible range of Moto 360 smartwatches to an end. As such, the company will apparently not be releasing an updated version of its Moto 360 smartwatch in 2017.

Motorola's decision to temporarily call time on its smartwatch business is evidently rooted in the fact that the expectations around wearable devices powered by Google's Android Wear operating system are not as high as previously perceived.

Towards that end, in revealing that Motorola is, for the time being, shelving its smartwatch efforts, Barkat said that the company does not "see enough pull in the market to put a [smartwatch] out at this time."

However, Barkat also added alongside that "wearables do not have broad enough appeal for us to continue to build on it year after year."