(Reuters) - Swatch on Thursday unveiled an expanded range of its "Swatch Touch" smartwatch range and additional functions for its watches, but its chief executive said the company was not looking to produce a wearable mobile phone.
"We don't want to produce a mini mobile phone on your wrist," Swatch Chief Executive Nick Hayek told a news conference for the group's full-year results. "Others can do that."
My thoughts
This is
where there is a huge delta. Apple is producing a computer for the wrist
and it also happens to tell time. The biggest market will ultimately be
health monitoring and Apple will be well positioned to be in that
market. All the phone type function require an Iphone but the health motoring can stand alone. The 18 hr battery life is the issue today but they will solve it in version 2. And of course a fashion accessory.
The Iwatch is not really competing with wrist watches but you only have limited wrist real estate.
Let's wait and see.
Bill
