'Watch Us!' Microsoft (MSFT) Plans Wearable Computer to Challenge Apple (AAPL), Others
Tweet
Share
E-mail
Get Alerts MSFT Hot Sheet
Price: $390.49 +1.62%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: +14.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: +14.7%
Join SI Premium – FREE
Microsoft (Nasdaq: MSFT) is also planning to challenge Apple (Nasdaq: AAPL) and other consumer tech companies with what some argue is going to be the largest thing to hit the segment since next-generation smartphones began to appear in 2007.
The WSJ reported over the weekend that Microsoft is working on a "smart" watch, or wearable computing device. The company was said to ask suppliers in Asia to ship over components for such a device, though it wasn't made clear whether or not production of the watch would commence. Initial speculation calls for a 1.5-inch display size.
Some weeks ago, Samsung was also said to be working on a smart watch, while Google (Nasdaq: GOOG) has been working on its Google Glass wearable computing device.
Growth in the smart watch market will be strong; reserach firm Gartner recently said it expected the market to draw $10 billion in revs by 2016.
Shares of Microsoft are down early Monday.
The WSJ reported over the weekend that Microsoft is working on a "smart" watch, or wearable computing device. The company was said to ask suppliers in Asia to ship over components for such a device, though it wasn't made clear whether or not production of the watch would commence. Initial speculation calls for a 1.5-inch display size.
Some weeks ago, Samsung was also said to be working on a smart watch, while Google (Nasdaq: GOOG) has been working on its Google Glass wearable computing device.
Growth in the smart watch market will be strong; reserach firm Gartner recently said it expected the market to draw $10 billion in revs by 2016.
Shares of Microsoft are down early Monday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Microsoft is planning to merge its consumer and enterprise Copilot chatbots in August - The Information
- This company remains the quantum category leader, says BofA
- NVIDIA (NVDA) Says It Will Take a Cut of Some Customers’ Cloud Revenues - The Information
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!
