TECHNOLOGY// After a long time, Apple unveiled a brand new product in the market last month. A smartwatch, the Apple Watch comes in three models, the lowest for $349. Compatible with iPhone 5, the Apple Watch is slated to release in early 2015, and has activity tracking capabilities that are similar to other wearable technologies in the market. It will work with Apple Pay, a mobile payment service introduced at the same time as the Watch.
However, Sony’s Smartwatch and Samsung Gear are there in the market already. But then research about the sector says that smartwatches market is slated to grow and become more exciting. According to a consumer study by Gartner, seven out of top 10 smartphone vendors have either already entered the wearables market or are about to ship a product. It also speculated by that 2015, Android-based smartwatches will average $150, thanks to the Chinese OEMs and ODMs, which are bound to push down prices.