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Samsung Admits It’s Working On Smart Watches

Samsung Smartwatch

While rumors have been flying around about smart watches for quite some time now, this one is different as it comes straight from Samsung mobile, executive vice president Lee Young Hee. During an interview with Bloomberg Hee admitted that the South Korean electronics giant has been working on a smart watch for a very long time.

“We’ve been preparing the watch product for so long,” Lee Young Hee,said. “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.”

No further revelations were made regarding the matter and when the device would come to the market and what features it would posses remain open for speculation.

This means that the year 2014 could see the start of a fresh face off between the two tech rivals Apple and Samsung Electronics, this time in the smart watch category.

Earlier this year information was leaked about Apple’s work in progress towards the development of “iWatch”. People with knowledge about the matter had revealed that the Cupertino company has about 100 researchers and developers working on a smartwatch device.

Apple smart watches that are rumored to be able to perform basic functions of an iPhone, including making and receiving calls and features of a fitness equipment.

Both Samsung and Apple’s smart watches, however, will have one thing in common. Users will be tied to their own brand of device. Which means whichever company manages to capture the majority of the market first will have the advantage.

Another deciding factor will be price. Samsung, naturally will be able to offer products at a more competitive price due to its ability to manufacture its own components. Apple on the other hand will have a more expensive product as always, but it is sure to be of better build quality and feel.

The upcoming battle between Apple and Samsung will be the same as it is now, the only difference being that smartphones will be replaced by smart watches.

 

Source: Bloomberg