“Google reportedly has joined Apple and Samsung in the race to develop and commercialize a smartwatch,” Patrick Seitz reports for Investor’s Business Daily.
“Google’s smartwatch is being developed by its Android product team, the Financial Times reported Thursday,” Seitz reports. “U.K.-based Juniper Research predicts that wearable computing devices like smartwatches will be a $1.5 billion industry by 2014. The market is being driven by consumer spending on health, fitness and multi-functional devices, Juniper said in a report last fall. Last year, the market generated $800 million in sales, mainly related to sport and fitness products from Nike (NKE), Fitbit and others.”
Read more in the full article here.
“The wearable gadget space seems to be drawing the interest of many companies. Pebble, the smartwatch that works with the iPhone and Android, beat all the odds on Kickstarter, receiving more than 85,000 orders for the watch and more than $10 million from people who wanted to back the company,” Daniel Bean reports for ABC News. “Many companies have also joined the fitness tracker market, including Nike, Motorola and Jawbone.”
Bean reports, “According to rumors, Apple has a team of 100 working on a watch that works with the iPhone.”
Read more in the full article here.
MacDailyNews Take: Apple leads. The rest follow. As usual.
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