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January 14, 2014

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Geak aims to sell 66% more smart watches

Geak, the wearable computing subsidiary of Shanghai’s Shanda Group, aims to sell 66 percent more smart watches this year, the company said yesterday.

Geak intends to notch up sales of 500,000 smart watches, and the company is confident of achieving it as it sold 300,000 smart watches last year despite the release of similar products by strong rivals Samsung, Sony and Qualcomm.

“Different from smartphones, Chinese firms and overseas players stand at the same starting line,” said Gu Xiaobing, CEO of Geak. “We are ready for the market turning mature in 2014.”

Geak is set to launch the next-generation more energy-efficient smart watch as well as expand its applications store this year, which Gu is hopeful will boost sales and revenue.

Geak’s smart watches allow people to make and answer phone calls directly through independent chips and systems.

Smart watches, which allow users to answer calls, read e-mails and play games when connected to smartphones, are expected to be popular in China in 2014, when Google Inc and Apple Inc are set to unveil their watch models.

Other home-grown players, including Beijing-based InWatch and Shenzhen-based ZTE Corp, may play vital roles in the smart watch market, industry insiders said.

The wearable computing market‚ including Google Glass, sport wristbands like Jawbone UP and smart watches, will generate a total revenue of US$9.3 billion this year and sales may hit US$18.8 billion in 2016, said IHS, a US research firm.

 




 

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