Samsung: Apple Watch doesn’t worry us

“Samsung has dismissed the threat to its smartwatch range from the Apple Watch, and has ramped up investment in the category, the head of its European operations told CNBC,” Arjun Kharpal reports for CNBC.

“Apple said its long-awaited smartwatch would be released in April, but YH Eom, Samsung’s European president, said the company was not worried about the competition from its U.S. rival,” Kharpal reports. “‘We don’t have time to worry about… our competition. We are spending time to understand where the consumer trend is and what they want,’ Eom told CNBC in a phone interview from the company’s European stakeholder event in Monaco.”

“The South Korean electronics giant has already released six smartwatches, including the 3G-capable Gear S. But Eom said the company had no plans to take its foot off the gas pedal,” Kharpal reports. “‘The wearable market has a huge potential. So we are making heavy investment in R&D… I would say a significant portion of our investment is around wearables and we will be ready in time to deal with the market trend,’ he said.”

Read more in the full article here.

MacDailyNews Take: The difference between Samsung and Apple in a nutshell:

We are spending time to understand where the consumer trend is and what they want… We will be ready in time to deal with the market trend. – YH Eom, Samsung

Our whole role in life is to give you something you didn’t know you wanted. And then once you get it, you can’t imagine your life without it. And you can count on Apple doing that. – Tim Cook, Apple

[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]

34 Comments

    1. Actually more like someone else stubbing their toe would bother you.. I don’t see Samsung or Apple smartwatches actually competing for the same group of people anyway.. Each smartwatch as far as I can see would only be of interest to people that already have or intend to purchase the compatible smartphone. Those groups do not intersect (unless you consider persons owning both Android/Tizen and iOS smartphones).

      1. I was alluding more to the fact that they’ve got bigger problems. Watches aren’t a big part of their business. Phones are and are being creamed. If that goes tits up, then Watches are almost an irrelevance.

  1. ShameSung is fearlessly copying the iPhone6 and eventually probably the Apple Watch too because they are being protected by the U.S. courts so what’s to worry….

    1. Actually, in truth, consumers are protecting Apple by buying the highest quality, highest priced product because it offers the most and lasts the longest.

      A couple 3GS iPhones still in use in the family. No problem.

  2. “We will be ready in time to deal with the market trend.” – YH Eom, Samsung

    I believe something was lost in the translation from Korean. Here’s the correct version:

    “We will be ready in time to copy whatever Apple does.” – YH Eom, Samsung

    1. Precisely!
      “We are spending time to understand where the consumer trend is and what they want,”
      “We will be ready in time to deal with the market trend.”

      Two years ago, one of their (Samsung’s) Euro leaders (in England, IIRC) said something to this effect: We watch the market and develop (meaning ‘copy’) accordingly.”

      They are copiers of what sells. It is what they do! It is their nature. It is their DNA.

  3. “We are spending time to understand where the consumer trend is and what they want”

    If I asked what the consumer wanted, I would have gotten the answer: “Faster horses.” Apple does not focus on what the customer wants but instead on what the customer needs.

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