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© 2015 AFPSamsung unveils new smartwatch to challenge Apple Watch
SEOUL©2024 GPlusMedia Inc.
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© 2015 AFP
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warispeace
Here is another example of why so much capital now seeks asset rather than productive investments and why there will be larger and more frequent asset bubbles and collapses going forward. The minute a new product enters the market, other businesses rush to make similar products, thus quickly pushing profits down. Companies then have to turn out a newer version or the next "innovation" and use seductive marketing practices that play on mimetic desires to get people to throw away something that's still usable, creating ever more garbage. It's not easy to compete in such an environment and this leads to all kinds of labour abuse. For the savvy, asset based speculation is much more profitable. Of course for the rest, as the 2008 collapse revealed, it's much more damaging.
nath
Apple doesn't really have market domination though, as the Apple Watch can only be used with iPhones, so it's not intruding into Samsung's domain at all.
And I don't see people switching to an iPhone just so they can buy an Apple watch.
Frederic Bastiat
Hmmm. I read this on the other similar article here on JT.
"International Data Corporation last week said that Apple’s freshly launched smart watch was a hot commodity in the second quarter of this year.
Apple Watch was hot on the heels of activity tracker Fitbit, the top device in the “wearable computing” market, according to IDC estimates. Apple has not released official smart watch sales figures.
Apple shipped 3.6 million smart watches to rank second behind Fitbit, which shipped 4.4 million units during the second quarter of this year, according to IDC."
Seems Apple is #2.
clueless
So far as I'm aware...
The one function I want to have on these "smart" watches hasn't been made available yet...
A dictation function. Or put simple...I want to record my voice.
Can anyone correct my assumptions?
JoeLarabell
Ignoring, of course, that smartwatches were on the market years before Apple released theirs. Apple simply has more marketing clout and more fanboys who are willing to buy into the "this has never been done before" spin. The reason everyone is jumping in now is because Apple, by finally coming out with an entry of their own, has popularized the market for smartwatches, making it a more profitable game for everyone. Asset-based speculation is only more profitable in the short term. I doubt Apple is going to go broke because there's a competitor nipping at their heels. In fact, having multiple large companies each offering a product in the same space further legitimizes the product and, in many cases, increases the total market for that product by giving people the illusion of choice. Often, as a result, the smaller makers (like Pebble -- a predecessor to the iWatch) can become more profitable as well. In the meantime, the pressure for constant improvements to stay ahead of one's competitors benefits consumers as they are able to get more function for less money. Who cares about the speculators? They don't produce any benefit to society, anyway.
warispeace
Who cares about conspicuous consumption. So much of what is produced (including all these electronic gadgets and their many variations) provides little benefit to society and mostly turns nature into garbage and emissions. Are people any happier with 24/7 consumption and the illusion of free choice?
PeaceWarrior
My main problem with is is that it uses Tizen so you are basically locked to Svoice, not Google Now.
Kobe White Bar Owner
Smart watches for smart people lol