Popular watch maker Swatch is preparing a smartwatch for release in the coming 2-3 months, looking to take a piece of the burgeoning industry.
Notably, the device will not have to be charged, will be able to make mobile payments via NFC, and will work with both Windows and Android.
Chief Executive Officer Nick Hayek, who previously said the company would not race to be first in the race to develop a smartwatch due to ongoing consumer resistance, says the time is right (or possibly necessary) now.
Hayek noted that in the future, a few of their latest patented tech will be used the smartwatch, such as a battery that has double the life of previous models: "We'll implement all of those into new products. Some of them, such as the battery, will take a few years though, and are also destined for other industries, like the automotive industry."
Swatch would not be the first Swiss watchmaker to try a smartwatch. Louis Vuitton Moet Hennessy (LVMH) and their TAG Heuer brand have announced a smartwatch with GPS and fitness tracking for later this year.
Source:
BBG
Chief Executive Officer Nick Hayek, who previously said the company would not race to be first in the race to develop a smartwatch due to ongoing consumer resistance, says the time is right (or possibly necessary) now.
Hayek noted that in the future, a few of their latest patented tech will be used the smartwatch, such as a battery that has double the life of previous models: "We'll implement all of those into new products. Some of them, such as the battery, will take a few years though, and are also destined for other industries, like the automotive industry."
Swatch would not be the first Swiss watchmaker to try a smartwatch. Louis Vuitton Moet Hennessy (LVMH) and their TAG Heuer brand have announced a smartwatch with GPS and fitness tracking for later this year.
Source:
BBG
