Remember when I told you that Apple was making the iWatch? Well, Samsung also plans to compete in that market as well, they're creating a watch with similar features:
Samsung Electronics is developing a wristwatch as Asia’s biggest technology company races against Apple to create a new industry of wearable devices that perform similar tasks as smartphones.
“We’ve been preparing the watch product for so long,” Lee Young Hee, executive vice president of Samsung’s mobile business, said during an interview in Seoul. “We are working very hard to get ready for it. We are preparing products for the future, and the watch is definitely one of them.”
Lee had no comment on what features the watch may have, how much it would cost and when it would go on sale. The Suwon, South Korea-based company already plans to release three high-end smartphones this year – including the Galaxy S4 unveiled last week and one using the Tizen operating system – as it competes with Apple for customers in a slowing global market.
Samsung’s disclosure comes after people familiar with Apple’s plans said last month the U.S. company has about 100 product designers working on a wristwatch-like device that may perform similar functions to the iPhone and iPad. The global watch industry will generate more than $60 billion in sales this year, and the first companies to sell devices that multitask could lock customers into their platform, boosting sales of phones, tablets and TVs.
Who do you think will win this tech competition?