Reuters: Technology News: Samsung working on wristwatch, joins Apple: source

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Samsung working on wristwatch, joins Apple: source Mar 19th 2013, 09:58 Tweet Share this Email Print Related News Samsung Galaxy S4 blitz may prompt Apple rethink Fri, Mar 15 2013 BlackBerry plans security feature for Android, iPhone Fri, Mar 15 2013 Samsung's Galaxy S4 emerges to do battle on Apple's home turf Fri, Mar 15 2013 Apple's Schiller blasts Android, Samsung on Galaxy's eve Wed, Mar 13 2013 Google's Android chief Andy Rubin steps down Wed, Mar 13 2013 Analysis & Opinion Counterparties: Ina the belly of the whale Hedge funds stockpiled Citi, axed Apple in Q4 Related Topics Investing and Taxes Simplified » Tech » Visitors are seen in front of the Samsung stand during the Mobile World Congress at Barcelona, February 27, 2013. Credit: Reuters/Albert Gea SEOUL | Tue Mar 19, 2013 5:58am EDT SEOUL (Reuters) - Samsung Electronics Co is developing a wearable digital device similar to a wristwatch, a source with direct knowledge of the matter said, joining rival Apple Inc in creating new products as growth of smartphone sales slows. The Samsung device will perform many of the tasks of a smartphone, the source said on Tuesday, without giving further details. The source declined to be identified because Samsung did not want to reveal to the public any information about its new product line at this time. Samsung would not discuss its detailed product pipeline. "We are constantly exploring new technologies and developing various form factors," said company spokeswoman Chenny Kim. Last month, the New York Times reported that Apple was experimenting with the design of a device similar to a wristwatch that would operate on the same platform as the iPhone and would be made with curved glass. Shares in both Samsung and Apple have taken a hit as the world's top two mobile device manufacturers keep underwhelming consumers with their latest smartphone models. Samsung shares dropped nearly 5 percent, or around $10 billion, in just two trading sessions after it launched its latest Galaxy S smartphone late on Thursday, partly hit by concerns that its flagship product lacks the 'wow factor' and may not live up to expectations. The Galaxy S4, unwrapped to much fanfare in New York to challenge Apple's iPhone on its home turf, offered some incremental evolutionary improvements, but media reports have since suggested these features may not be sufficient to excite buyers in an industry that lives and dies by innovation. (Reporting by Miyoung Kim; editing by Miral Fahmy) Investing and Taxes Simplified Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions