There was a time when the market for smartphone was quite new and all the consumer electronics manufacturers allocated their resources to develop smartphones. Today, those smartphones have come a long way and a majority of consumers own at least one smartphone per household. The trend of having a larger, high resolution displays is on the rise and so is the trend to have wearable electronic gadgets.
With Samsung’s introduction of Galaxy Gear last year, many other companies have immediately allocated resources for developing similar device to compete. Galaxy Gear was not much of a hit among the general public. It had a tiny processor, powerful enough to run a scaled down version of Android operating system and run a few basic apps. It is meant to be always connected to your smartphone with Bluetooth low energy interface and can run for 2 to 3 days on a single charge. The reason for consumers not adopting this technology was the high price and not so useful features. Galaxy Gear had the basic functionality to keep track of time and additionally had a camera and few basic apps such as email, weather, etc. Features were less and cost is high. Nothing much has changed in the latest Gear 2. With addition of health monitoring features, it still has not been successful in appealing a large number of people to buy it. Several tech reviews have already hit the internet and they are enough for one to decide whether such a device is useful or not.
It may seem like the smart watch revolution has started, but the revolution and struggle is still limited among the competitors, it has not been able to appeal the consumer!
LG recently announced that its G watch will be released for around 180 USD to 250 USD, this June. June also means it is time for Google I/O. LG has already announced its Android wear software, and it is highly possible that they would do the major product announcement there at I/O. Considering the pricing of this device, it might put pricing pressure on existing smart watches from Samsung.
Another leading electronics company, Apple, was granted 45 patents recently and one of them had a drawing which showed a square device with a button in the middle. It looked quite similar to the iPod Nano 6th generation. It also has a camera lens at the top. Few biomedical hires from Apple also suggest that there could be a health monitoring device coming up in one of the future gadgets! Could it be the iWatch with integrated health monitor? China Times published some news which indicates production of parts constituting of a possible iWatch have begun and the device would be released by end of 2014. No further technical details are available as of now.
It is already clear enough that most of the major smartphone manufacturers are now moving on to create smart watches. Innovation does not need to be something completely new, it could be something existing presented to us in a different way. Smartwatch seems to be something like that. Companies have not yet hit the sweet spot, but when they do, we would have smart watches on every wrist!