Apple Inc. (NASDAQ:AAPL) has given its competitors a little breathing room by confirming that its latest entrant in the wearable technology, Apple Watch, will not be out before the holiday season. Competitors like Samsung can breathe a sigh of relief, and can hope to sell a little more units of their version of this wearable technology.
On CNBC, Michael Prospero, news editor of Laptopmag, expressed some concerns surrounding the wearable technology and also whether the inability of Apple Inc. (NASDAQ:AAPL) to release its smart watch before the holiday season is going to hurt the company’s top line.
“There is a lot of experimentation going on with wearable and I don’t think that anyone has necessarily hit on the right combination of features and for consumers, so I don’t think that it should hurt Apple Inc. (NASDAQ:AAPL) too much,” said Prospero.
Samsung has been hard hit by the sales of Apple Inc. (NASDAQ:AAPL)’s new phones which boast a larger screen as compared to previous models and have been selling like wildfire. The South Korean tech company has a little to celebrate because of the late arrival of Apple Watch. However, there is another danger lurking in the background. What if Apple Inc. (NASDAQ:AAPL) uses this extra time to come up with a device that closes the doors of wearable technology for Samsung?
“I think it really depends on Apple Inc. (NASDAQ:AAPL) convincing consumers that they need this extra device and perhaps by taking this extra time, they could perfect those features within the watch, that will make this a truly necessary accessory,” remarked Prospero.
There is a big hole in the technology sector which will be filled with wearable technology soon. The only question is which company is going to get just the right combination to make their product indispensable. However, it still doesn’t necessarily mean that the company which makes a breakthrough is going to stay on top. Samsung and the history of smart phone industry is just one such example where the first to enter didn’t win the race.
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