“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.]