As you may have noticed, the smartwatch space has been heating up — not good news for Qualcomm, whose $350 Toq smartwatch has been one the more expensive wearables on the market. The company isnt sitting still, however, and has just revealed that it quietly dropped the Toqs price to $250 on February 21st. The chip designer didnt explain its move, although its not hard to see the motivation when watches like the Pebble Steel sit at the same price level.