I wouldn’t expect Samsung to release a smartwatch before Apple, but the company’s executive vice-president said the firm has been working on a smartwatch for “so long.” While Samsung has experienced high sales for its Galaxy S4 smartphone, the $358 billion international handset market is nearing full saturation, according to Bloomberg. If Samsung can release the best smartwatch, it could take a large chunk of this relatively new market.
I wouldn’t count on Samsung being the leader, however. It should be noted, though, that Samsung has a slight advantage because it manufactures its own chips and displays. This could lower the company’s overhead and result in reduced prices for the watch, thus boosting sales.
Can smartwatches really make a dent in revenue?
A massive increase in revenue will follow whichever company dominates the smartwatch market. The gadget can complete the main tasks of a smartphone such as reading messages, viewing social media, taking photos, playing games, listening to music and using apps. The company that can release the coolest, most functional device will be a force to reckon with.
So far, Sony is the only company to lay claim to the smartwatch market. Only time will tell what Apple Inc. (NASDAQ:AAPL) and Samsung are capable of when they finally enter the market.
The article Is Apple Set for a Smartwatch Release? originally appeared on Fool.com and is written by Phillip Woolgar.
Phillip Woolgar has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Phillip is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.
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