Qualcomm (QCOM) Counters Samsung With Its Own Smartwatch
Tweet
Share
E-mail
Qualcomm Toq
Get Alerts AAPL Hot Sheet
Price: $283.78 +3.14%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.8%
Join SI Premium – FREE
Shortly after Samsung announced that it was releasing a new smartwatch device in its "Galaxy Gear," Qualcomm (Nasdaq: QCOM) doesn't want to be left out of the loop.
Speaking at Uplinq 2013, Qualcomm CEO Dr. Paul Jacobs said that the company would be unveiling its own smartwatch in Toq.
Features of the Qualcomm Toq include always-on screen and wireless charging. The device will also be able to let the user manage calls, receive text messages, and get calendar notifications from a connected device.
The move comes as Qualcomm sees the world moving into wearable electronic devices and it is aiming to demonstrate what its chip and display technology is capable of achieving.
Samsung's "Galaxy Gear" smartwatch has and 1.63-inch AMOLED display, 320 x 320 resolution, 800-megahertz processor, 1.9-megapixel camera, speaker, 4-GB of memory, low-power Bluetooth, and more.
Both Qualcomm and Samsung have outpaced names like Google (Nasdaq: GOOG), Apple (Nasdaq: AAPL), and others to the smart wristwatch game. Speculators peg Apple releasing a similar device in early- to mid-2014.
Shares of Qualcomm are up over 1 percent Wednesday.
Below is a good video review from Engadget:
And here's the official Qualcomm video:
Speaking at Uplinq 2013, Qualcomm CEO Dr. Paul Jacobs said that the company would be unveiling its own smartwatch in Toq.
Features of the Qualcomm Toq include always-on screen and wireless charging. The device will also be able to let the user manage calls, receive text messages, and get calendar notifications from a connected device.
The move comes as Qualcomm sees the world moving into wearable electronic devices and it is aiming to demonstrate what its chip and display technology is capable of achieving.
Samsung's "Galaxy Gear" smartwatch has and 1.63-inch AMOLED display, 320 x 320 resolution, 800-megahertz processor, 1.9-megapixel camera, speaker, 4-GB of memory, low-power Bluetooth, and more.
Both Qualcomm and Samsung have outpaced names like Google (Nasdaq: GOOG), Apple (Nasdaq: AAPL), and others to the smart wristwatch game. Speculators peg Apple releasing a similar device in early- to mid-2014.
Shares of Qualcomm are up over 1 percent Wednesday.
Below is a good video review from Engadget:
And here's the official Qualcomm video:
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Apple (AAPL) call put ratio 1.4 calls to 1 put amid share price pull back
- Investors don't need a lot to go right for this big U.S. stock to be attractive: Wolfe
- U.S. chip stocks retreat after Apple price hikes stoke fears over AI trade
Create E-mail Alert Related Categories
Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
