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Samsung Files Patents for Galaxy Gear Smartwatch

Where's that wearable tech?

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What about augmented reality glasses? We’ve seen Google Glass on early adopters and know that the high-tech specs will be hitting stores sometime in 2014 (at $1,500, they’re currently too expensive to make a big Christmas splash this year, so Google’s not losing much by holding them back). A growing throng of competitors is ready to offer augmented reality glasses at much cheaper prices in time for holiday shoppers this year, but lacking the recognition that Google enjoys, they’re unlikely to do much with the head start.

The question is, when will we finally get a glimpse of the big guns — the smartwatches from Samsung, Apple, Microsoft and Google?

We’re pretty certain Microsoft (MSFT) has been testing Windows 8-powered Surface smartwatch prototypes. Android Authority says a Google smartwatch is real and prototypes have popped up in multiple Google offices. Meanwhile, Apple has reportedly been furiously at work on a smartwatch, with reports of dedicated design team even as it trademarks the “iWatch” name. There is also speculation that Bob Mansfield — the former Apple Senior VP of Technologies who was assigned to “special projects” in July — is now heading up the iWatch effort.

Rumors are circulating about engineering difficulties and the possibility of CEO Tim Cook pulling the plug on the project altogether. But I doubt Apple will cancel the iWatch, and I suspect Bob Mansfield is indeed overseeing the project — with a 2013 delivery mandate. After all, pressure is on all the tech giants to deliver their smartwatches in time for the holidays.

Consumers Are Done Waiting

After listening to a year or more of hype, consumers want wearable tech and especially the smartwatches that promise to be affordable extensions to their smartphones. And investors want the devices in hopes of big sales for a new product category that will drive up revenue and boost stocks that have suffered from softening smartphone demand and PC decline.

Letting a competitor get the jump by having the holiday season 2013 uncontested is a risk none of the tech giants want to take. Otherwise, they risk a repeat of the iPad release where Apple utterly dominated the tablet market, building a huge lead that other manufacturers are still struggling against.

Samsung watchers like Sam Mobile expect the company to be first out of the gate, pointing to Samsung’s September 4 Galaxy Note III event as a potential unveiling. If Samsung does pull the trigger and announce a Galaxy Gear smartwatch in September, expect Apple, Microsoft and Google to put their versions out there in short order. All it takes is one of the big four and the rest will pile on. The 2013 versions may not be the smartwatch these companies want to release, but they’ll need to have a horse in the game.

With the flood of products out there and due to arrive, wearable technology is likely to be front and center this holiday.

As of this writing, Brad Moon did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

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