What does it take for Apple (NASDAQ:
) to launch a product trend in the tech world? In the past, Apple
had to physically release an item before other companies would
follow suit. While the iPod was not the first MP3 player, it
changed the landscape of mobile music.
Similarly, the iPhone introduced consumers to an entirely
different kind of smartphone. More recently Apple popularized the
tablet concept by building a device that was vastly superior to
its extinct competitors.
While it is not yet known which product Apple will release
next, many bloggers have speculated that it will be a high-tech
have attempted to confirm the device's existence, but without the
official announcement from Apple, analysts will continue to
In the meantime, Apple's competitors are wasting no time in
producing their own version of an iWatch.
Lee Young Hee, executive VP of Samsung Mobile, told
that the company is developing a new watch.
"We've been preparing the watch product for so long," said
Hee. "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."
Samsung is not the only tech company that is investing in
The Korea Times
, LG is also building a smartwatch. Meanwhile, the
reported yesterday that Google (NASDAQ:
) is developing a watch as well.
The latter should not come as a great surprise. After all,
Google has spent the last year or two developing Project Glass, a
wearable computer that delivers an endless array of information
to a special pair of glasses.
What is surprising is that all of these tech companies seem to
be convinced that watches -- the tiny, time-telling devices of
yesteryear -- will be the next big thing in consumer
It is wholly possible that Samsung, LG and Google were
developing smartwatches long before they were aware that Apple
may be doing the same. Then, after word leaked that Apple might
be developing an iWatch, Samsung decided to come forward, paving
the way for others to do the same.
Samsung is the only tech giant to confirm that it is
developing a new watch, however. The company has yet to divulge
any specific details, so it is impossible to say what the watch
may do or how it may function.
Louis Bedigian is the Senior Tech Analyst and Features Writer
of Benzinga. You can reach him at 248-636-1322 or
firstname.lastname@example.org. Follow him
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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