Apple, Samsung, Google plan to launch `smart watches` this year
Washington: Tech giants Apple, Samsung and Google could launch their much-awaited smart watches later this year, it has been claimed.
Avi Greengart, analyst on consumer devices at the research firm Current Analysis said 2013 may be the year for the smartwatch because "the components have gotten small enough and cheap enough" and a large number of consumers now have smartphones that can connect to a wearable device.
According to the Australian, the idea of the connected watch has been around for at least a decade: Microsoft had one in 2003.
Some devices are already on the market including from Sony, the crowdfunded maker Pebble and Italian-based firm i`m.
According to the report, ABI Research predicts that smartwatches and other wearable computing devices will "explode in popularity over the next year".
It also predicted that it would grow to 485 million annual device shipments by 2018.
Citi analyst Oliver Chen said the smartwatch segment, which now includes devices from Fossil and Movado, could easily evolve into a 6 billion dollars annual business with "higher than average" profit margins, the report said.
More from India
More from World
More from Sports
More from Entertaiment
- Watch: Yogi Adityanath's first speech as Uttar Pradesh CM in Gorakhpur
- What Hindu saints think about Ram Mandir issue?
- Yogi Adityanath to visit Gorakhpur for first time today after becoming UP CM
- DNA: Analysing the 'no first use' nuclear policy of India
- Amit Shah addresses BJP's mega convention in Delhi
- Is this for real: Ajinkya Rahane bizarre shot went for six, concerned Virat Kohli settles with smile — WATCH
- WATCH: Skipper Virat Kohli carries drinks for Team India
- WATCH: Tom Latham takes IMPOSSIBLE catch to dismiss Faf du Plessis
- Mohanlal's 'Manyam Puli' has a BREATHTAKING scene where TIGER attacks a boy! WATCH 'Pulimurugan' clip
- Kapil Sharma-Sunil Grover fight: Will it be a shutdown for 'The Kapil Sharma Show'?