Samsung to Enter Wristwatch Market

In the wake of the news that their tech rivals Apple are looking to release the iWatch, Samsung have revealed that they too will be joining the wristwatch race.

Samsung Watch image

Samsung are really looking to prove that they can pull their own weight with this one. The Korean technology firm has a long standing rivalry with their fellow tech behemoths, Apple. In fact, they’ve gone toe to toe on just about everything, including their range of ‘Galaxy’ smartphones, gadget patents and television sets. Now, Samsung and Apple are preparing to take another step back into the ring to battle it out over a brand new device : wristwatches.

A few weeks ago we brought you the news that Apple were very close to announcing, or at least very far into the development of their very own ‘smart’ watch, likely called the Apple iWatch and today, an interview from business newspaper Bloomberg, in which they grilled Lee Young Hee, executive vice president of Samsung’s mobile business, about the burgeoning smart watch market, Young Hee’s answer doubled as an announcement of Samsung’s competitor to the iWatch.

In full, he answered with (though the exact question he was asked isn’t clear, as Bloomberg didn’t include that in their article) “[Samsung have] been preparing the watch product for so long. [The Samsung team] are working very hard to get ready for it. [They] are preparing products for the future, and the watch is definitely one of them.” Take that as an official confirmation that you’ll be able to wear a Samsung branded, email-receiver/picture taker/music listening device on your arm very soon in the near future.

Of course those features listed above are purely speculation but you know that Samsung will have to offer something similar, better, even, to Apple’s iWatch if they are to siphon sales away from them, especially when the iWatch will have already gained an awful lot of traction amongst potential consumer due to the powerful branding of the company.

There has yet to been a reveal of the release date (or the name) of Samsung’s new gadget but with Apple’s iWatch rumoured to release this year and the fact that Samsung has a few smartphones coming out this year too, expect them to see their watch on the market this year, in order to take on Apple and get the most out of the financial year.

Source : Bloomberg

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