Google Glass Is Not Dead Yet

Google has not killed the Glass, which is a "big and very fundamental platform" for the company, according to Executive Chairman Eric Schmidt.

In January, Google stopped selling the initial version of Glass and ended Explorer program through which people purchased the wearable to try. Reportedly the project was moved to a standalone division from Google's research lab. These changes prompted talk that the search giant was ending Glass.

However, the reality differs and recently Schmidt hinted that the future versions of the device could be targeted for business environments.

"We ended the Explorer program and the press conflated this into us canceling the whole project, which isn't true. Google is about taking risks and there's nothing about adjusting Glass that suggests we're ending it," Schmidt told the Wall Street Journal on Monday.

Fadell's involvement with Glass is "to make it ready for users," said Schmidt.

He added that Google Glass is a long-term project, just like company's self-driving car project.

"These things take time," he said, adding that the self-driving car isn't considered a failure although "it's not driving me around now."

Earlier at the fourth-quarter earnings call in January , Google CFO Patrick Pichette also stated that Glass isn't dead yet, adding that the project holds promise but required a "reset." Google follows this strategy for products with potential but fail to meet predetermined goals, he noted.