Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Click for more information, or
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
Enterprise I.T.
24/7/365 Network Uptime
Average Rating:
Rate this article:  
Samsung Confirms It
Samsung Confirms It's Readying a Smart Watch

By Jennifer LeClaire
March 19, 2013 11:26AM

    Bookmark and Share
The motivation for Samsung, Apple and others to get into the wearable computing --and specifically the smart watch business -- is clear. According to Citigroup analyst Oliver Chen, the global watch industry witnessed more than $60 billion in sales in 2012 alone. Chen estimates the gross margins are about 60 percent on watches.
 



Samsung may be trying to one-up rival Apple by admitting to rumors about a smart watch first. While Apple remains mum about an iWatch, Samsung told Bloomberg it is developing a wristwatch that will act as a wearable smartphone of sorts.

"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 with Bloomberg. "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 did not ante up any info on the specific features a wearable Samsung watch might offer, when it would roll out or how much it would cost. But it's still more than the world knows about the rumored Apple iWatch.

Rushing to Wearables

The motivation for Samsung, Apple and others to get into the wearable computing --and specifically the smart watch business -- is clear. According to Citigroup analyst Oliver Chen, the global watch industry witnessed more than $60 billion in sales in 2013 alone.

Chen estimates the gross margins are about 60 percent on watches, so entering the watch market could be more profitable for Apple than entering the TV market. Anand Srinivasan, a Bloomberg Industries analyst, said gross margins on watches are four times bigger than for televisions.

"This can be a $6 billion opportunity for Apple, with plenty of opportunity for upside if they create something totally new like they did with the iPod -- something consumers didn't even know they needed," Bloomberg quoted Chen, who covers luxury-goods retailers, as saying in an article earlier this month.

High-Tech Senses

Avi Greengart, an analyst at Current Analysis, said we've reached a tipping point in the size and cost of the electronics that go into wearable devices.

"Perhaps even more importantly, some of these devices are not really standalone," Greengart told us. "You need to connect to a computer with communications capabilities. And guess what? We now carry a computer with communications capabilities with us everywhere we go. They are known as smartphones.

"Smartphones have operating systems that allow developers to extend their functionality. The combination of inexpensive miniaturized technologies that can be deployed on things you clip on, wrap on or put on -- and eventually maybe even embed -- coincides with the rise of the smartphone itself as the platform to make some of these devices useful by tracking data they generate or generating data for them."

Inspector Gadget

Greengart said consumers could perform interesting tasks with some of the smartphone technologies. In some cases consumers can move them out of the phone to a place on the body that's more accessible, whether that's the eyes with Google Glass or the wrist with an iWatch.

"Finally, we have technology that in some cases may make more sense as a device that's strapped to you than a device that's in your pocket or in your bag," Greengart said. "NFC, for example, might make more sense on your wrist than on the phone, rather than fishing your phone out of the bag, unlocking it and pushing three buttons, then tapping it."
 

Tell Us What You Think
Comment:

Name:



Get Powerful App Acceleration with Cisco. In a world where time is money, you need to accelerate the speed at which data moves through your data center. Cisco UCS Invicta delivers powerful, easy-to-manage application acceleration for data-intensive workloads. So you can make decisions faster and outpace the competition. Learn More.


 Enterprise I.T.
1.   BlackBerry BES 10 Now Hosted
2.   Teaming Up: CIOs, IT Asset Managers
3.   Juniper DDoS for High-IQ Networks
4.   IBM Rolls Out Hybrid Cloud Services
5.   Windows 7 Ends Mainstream Support


advertisement
Backlash Stirs Against H-1B Visas
Debate over foreign workers continues.
Average Rating:
IBM Rolls Out Hybrid Cloud Services
Based on SoftLayer net infrastructure.
Average Rating:
Windows 7 Ends Mainstream Support
But extended support still available.
Average Rating:


advertisement
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Researchers Working To Fix Tor Security Exploit
Developers for the Tor privacy browser are scrambling to fix a bug revealed Monday that researchers say could allow hackers, or government surveillance agencies, to track users online.
 
Wall Street Journal Hacked Again
Hacked again. That’s the story at the Wall Street Journal this week as the newspaper reports that the computer systems housing some of its news graphics were breached. Customers not affected -- yet.
 
Dropbox for Business Beefs Up Security
Dropbox is upping its game for business users. The cloud-based storage and sharing company has rolled out new security, search and other features to boost its appeal for businesses.
 

Enterprise Hardware Spotlight
Microsoft Makes Design Central to Its Future
Over the last four years, Microsoft has doubled the number of designers it employs, putting a priority on fashioning devices that work around people's lives -- and that are attractive and cool.
 
Contrary to Report, Lenovo's Staying in Small Windows Tablets
Device maker Lenovo has clarified a report that indicated it is getting out of the small Windows tablet business -- as in the ThinkPad 8 and the 8-inch Miix 2. But the firm said it is not exiting that market.
 
Seagate Unveils Networked Drives for Small Businesses
Seagate is out with five new networked attached storage products aimed at small businesses. The drives are for companies with up to 50 workers, and range in capacity from two to 20 terabytes.
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | CRM Systems | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.