Almost every major tech company is making a bet on smartwatches.
We've heard rumors of an Apple iWatch for a while now. We have knowledge of Google working on a smartwatch. Executives at Microsoft's suppliers in Asia told Bloomberg last month that the company asked them to ship displays for touch-enabled watch devices. LG is reportedly working on a smartwatch, and so is Samsung.
"Samsung and Apple are traditional hardware companies and have spent nearly the last decade combining powerful technologies into the smartphone," Skooks Pong, VP of technology at Synapse, tells Business Insider.
"[Apple and Samsung have] been able to overcome challenges like extending battery power, while minimizing its size and they've combined multiple technologies like Bluetooth, GPS and NFC into a small piece of hardware," Pong says.
Pong notes that the smartwatch will present similar challenges to smartphones because of its small size. In order for a smartwatch to truly appeal to the masses, it will also need to do more than just send notifications to your wrist.
"It's about introducing a device that consumers never even knew they needed, like Apple did with the iPod," Pong says. "Because of the need to combine sophisticated technologies into a body-worn device, based on their track record Apple or a Samsung would be better poised to create a transformative device. But with Google, you can't ever count them out."
The latest rumor about the Google smartwatch is that Motorola would manufacture it for them. That makes sense, given that Google acquired the company for $12.4 billion last year, though initially just for its patents. for its hardware expertise.
Motorola hasn't fared much better. Since Google's acquisition, Motorola has not had any "hit" products. By the end of last year, Motorola's market share fell from 2.2% worldwide at the time of the purchase to 1.7%.
We reached out to Google yesterday, but the company declined to comment.
More From Business Insider