Smartphones are currently the most competitive sector in the mobile technology industry. However, soon they may be replaced by smart watches. As rumours of an Apple wristwatch increase, Samsung announced that it was too preparing a smart wrist device for the market.
The news was first reported by Reuters which cited an anonymous source. The insider was said to have shared that the South Korean manufacturer is developing a wristwatch. According to the mysterious source, the watch had features similar to those of smartphones. In addition, the insider revealed that Samsung wanted to keep this project a secret for the time being.
Nevertheless, after a Samsung initially declined to give any comments on the news, it later spoke out. The executive vice president of Samsung’s mobile business department, Lee Young Hee, was the one who confirmed the rumours. Lee shared for Bloomberg that the company has been working on the smart watch for a very long time. He also stated that the device is only one of the products that the giant is planning to introduce in the future.
Unfortunately, Lee Young Hee did not wish to give details on the watch’s features, price or release date. Despite that it can be assumed that Samsung’s wristwatch is not likely to be launched this year. The reason for that is that the manufacturer is already preparing to release not one but three high-end smart mobile phones. The first of them, Galaxy S4, was already showcased in New York last week.
Apparently, Samsung and Apple have similar goals. Apple Inc. is also said to be working on a smart watch. The product is expected to have functions that are based on those seen in iPhone and iPad. Also, it is reported that the company’s watch will be made of curved glass and that it will use Apple’s iOS mobile operating system.
All signs point that the wristwatch battle has already started before it was even announced. But why is the smart watch fight so fierce? The main explanation is that the company which releases the product first will have a greater chance to lock consumers into its ecosystem. In addition, analysts’ predictions say that these devices will enjoy a huge popularity and sales rates. Therefore, the two companies may do their best to introduce their smart watches as early as possible.
Currently, Samsung and Apple are the two most powerful and popular mobile device companies. That is mainly thanks to their flagship smartphones Galaxy S and iPhone. However, this does not mean that the giants can take a break. Apple Inc.’s shares have already dropped and those of Samsung decreased with 5% after it showed off Galaxy S4.
