Source - http://www.bloomberg.com/
By - Jungah Lee
Category - California Vacation Packages
Posted By - Hampton Inn Santa Clarita
By - Jungah Lee
Category - California Vacation Packages
Posted By - Hampton Inn Santa Clarita
California Vacation Packages |
Samsung Electronics Co. (005930)
will introduce a wristwatch-like device named the Galaxy Gear next
month that can make phone calls, surf the Web and handle e-mails,
according to two people familiar with the matter.
The Galaxy Gear will be powered by Google Inc. (GOOG)’s Android operating system and go on sale this year to beat a potentially competing product from Apple Inc. (AAPL), the people said. The device will be unveiled Sept. 4, two days before the IFA consumer electronics show begins in Berlin, one of the people said, asking not to be identified because the plans are private.
Asia’s biggest technology company is racing other electronics makers, including Sony Corp. (6758),
to create a new industry of wearable devices as the market for top-end
handsets nears saturation. The global watch industry will generate more
than $60 billion in sales this year, and the first companies to sell
devices that multitask could lock customers into their platform,
boosting sales of smartphones, tablets and TVs.
“It will carve a
niche for sure as this is an initial product in the market,” said Chung
Chang Won, an analyst at Nomura Holdings Inc. in Seoul. “Wearable
devices could be one of the trends in the smartphone market, but I’m not
sure yet whether watches or glasses will set the trend.”
The
Galaxy Gear being released next month won’t have a flexible display,
though the company is continuing to work on developing a bendable
screen, one person said. It will be unveiled the same day as Samsung’s
Galaxy Note 3, a combination smartphone and tablet computer.
Apple Watch
Apple
had a team of about 100 designers working on watch-like device, two
people familiar with the matter said in February. The Cupertino,
California-based company is seeking to introduce its device this year,
one of the people familiar said at the time.
Samsung became the
world’s largest smartphone maker last year, overtaking Apple. The Suwon,
South Korea-based company had about 33 percent of the global smartphone
market in the second quarter, while the iPhone maker fell to a
three-year low as more consumers chose inexpensive handsets from Chinese
makers, according to researcher Strategy Analytics.
Samsung
posted second-quarter earnings July 26 that missed analyst estimates as
sales growth for the flagship Galaxy S4 was curbed by slowing demand
for high-end handsets. Shares have fallen 15 percent this year in Seoul
trading, compared with a 4 percent decline in the benchmark Kospi index.
Samsung released the Galaxy S4 smartphone in April and plans at
least two other high-end handsets this year, including a device using
the Tizen operating system.
Lee Young Hee, executive vice
president of Samsung’s mobile business, said in a March interview the
company was working on a watch device.