The Pixel Watch 5 was formally announced ahead of the tech giant's annual Made by Google hardware event on Wednesday, alongside some fresh Pixel 11 phones and the new Pixel Tag. The Pixel Watch 5 is $50 more expensive than last year's stellar Pixel Watch 4 and features several upgrades helping to justify its price bump. The Google Pixel Watch 5, as seen through the camera of the new Pixel 11 Pro Fold.