Samsung Vs Apple: Will Samsung Beat Apple in Smart Watch Race?

Samsung Vs Apple: As you have probably heard, Apple Inc. (NASDAQ:AAPL) has a strong interest in bringing a smart watch to the public at some point in the future. Nobody knows exactly when this will happen, but multiple reports have discussed the possibility of the device being debuted in 2013.

Steve JobsApple Inc. (NASDAQ:AAPL) is actually the smart money’s second favorite publicly traded company but hedge funds have started dumping Apple Inc. (NASDAQ:AAPL) in favor of a surprising financial stock (see which stock hedge funds are buying like crazy).

In true tech industry fashion, Apple is not going to have a clear shot at the market. In addition to the companies that are already competing in the space, it appears that Samsung wants to throw its hat into the ring as well.

Bloomberg is reporting that Samsung is working on a watch of its own, hoping to challenge Apple Inc. (NASDAQ:AAPL) for sales in the future.

According to Bloomberg, Lee Young Hee, executive vice president of Samsung’s mobile business, said the following during an interview in Seoul:

“We’ve been preparing the watch product for so long. 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.”

If nothing else, it is easy to see that Samsung is not dancing around the subject. Hee made it clear that the company is working on a watch product, and has been doing so for quite some time. Of course, just like Apple, he stopped short of saying when the device will be released to the public.

In addition to holding back information on when the watch may go on sale, Hee did not discuss a price point or any specific features.

At this point, both Apple Inc. (NASDAQ:AAPL) and Samsung seem ready to dive into the smart watch market. There are two questions to answer: which company will make its way to market first? Which company will offer the better product?

Share your thoughts in the comment section below.

Check back here for more updates on Samsung Vs Apple.

DISCLOSURE: I have no positions in any stock mentioned.

For more news stories, visit these pages:

Apple Inc. (AAPL) can’t be Trusted in the Courtroom?

A Political Bill for Increased Apple Inc. (AAPL) iPad Usage on Airplanes

Apple Inc. (AAPL) Wins Patent Lawsuit Against Samsung in UK