Connected Experiences, Inc., the business arm of
), has recently unveiled a smartwatch, Toq. The smart device is
expected to be shipped from mid-Oct.
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Though Toq is neither a smartphone nor a tablet, the device can
synchronize with the user's smartphones, enabling texts, phone
calls and alerts from Facebook and Whatsapp.
Samsung has launched a similar smart accessory - Galaxy Gear
smartwatch - with Qualcomm. To remain competitive, we expect
Qualcomm to price the smartwatch around Samsung's device which
Toq's screen has Mirasol display technology, thereby allowing
clarity in display even in daylight. It is powered with
Qualcomm's 200 MHz Cortex M3 processor and is compatible with
) Android devices. It is also expected to support
) devices in the future.
It is available in black and white with a wireless Bluetooth
headset and battery charger. Qualcomm will bring limited numbers
of its much-hyped smartwatches initially to create market demand
for its advanced technology.
Most high-end smartphones are powered with Qualcomm's Snapdragon
processors as the company is one of the leading suppliers of
LTE-based chipsets. The popularity of these processors will
further gain traction as the recently-launched handsets like
Samsung Electronic's Galaxy S4,
) Sony Xperia Z and BlackBerry Limited's BlackBerry Z10 are
using Qualcomm's chipsets.
In the recently concluded third quarter of 2013, Qualcomm shipped
approximately 173 million CDMA-based MSM chipsets, up 14% year
Currently, Qualcomm carries a Zacks Rank #3 (Hold).