HTC doing a Smartwatch too?

HTC is planning to launch their own smartwatch competitor to the Galaxy Gear. They are also apparently coming out with a new tablet which they claim will be “disruptive” to the market. Today, more details were released by Bloomberg on HTC’s plans. As business has continued to deteriorate for HTC, they are grasping at straws for any opportunity to get a product to gain headway in the market.

Here’s a quote with a bit more:

Dwindling market share for HTC smartphones led to the company’s first quarterly loss and a 54 percent slump in its share price this year as it loses ground to Samsung Electronics Co. (005930), the world’s biggest producer. The smartwatch will join a growing segment of wearable technology that already includes devices from Samsung and Sony Corp.

Here’s another quote from CEO Peter Chou in a BGR article:

“It has to meet a need, otherwise if it’s just a gimmick or concept, it’s not for people’s day-to-day lives. That is an opportunity for us,” Chou said of smartwatches. “People laughed at us when we came out with the first smartphone… Now everyone has a smartphone. I’m pretty sure wearables will be the same, but don’t judge from what is in the market [now].”