This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Samsung Is Such a Poser

Stocks in this article: AAPLQCOM

NEW YORK ( TheStreet) -- Apple (AAPL) recently unveiled two new iPhones, the 5S and 5C, but many were hoping for more products, such as an iWatch, to prove the company could still innovate.

Just a few weeks ago, Samsung unveiled its own smartwatch, the Samsung Galaxy Gear. Boy, is it terrible.

I truly hope that it's not what the iWatch ends up like -- assuming Apple is even going to make one.

Supposedly, Samsung's wearable device will run for $299, a rather lofty price tag for a product that in my view stinks. As if it weren't gaudy enough, the functionality appears to be quite limited, especially since it works only with the Samsung Galaxy S4, not any of Samsung's other smartphones.

The appearance, coupled with the poor functionality, gives me the impression that Samsung's sole intention was to beat Apple to market.

It becomes even more evident -- and hilarious -- in the following quote from Gregory Lee, president of Samsung Communications America:

"Galaxy Gear combines convenience and technology, and is the first of its kind. This is proof and reflection that Samsung is truly, relentlessly innovative in bringing first-to-market products."

So did Samsung just pull one of the late-Steve Jobs' famous, "Oh yeah, one last thing," moments, by stunning the world with a product people have never dreamed of before? Come on. Of course not.

Qualcomm (QCOM) showed off a very similar product the same day.

Samsung has a long history of copying the best: Apple.

In this case, however, it didn't wait to see what Apple would do and copy it. In this case, Samsung was trying to be first, but having the right product is better than being first.

Now Samsung is back to its copying ways, having the audacity to release a limited edition gold smartphone.

Please tell me this is some sort of joke. Samsung cannot be serious. Soon we'll probably be seeing Samsung retail stores and its version of iTV, iTunes and basically everything else that Apple has done.

But don't deny it. Don't lie. And don't say things like "truly and relentlessly innovative." Just admit the blatant copying and lower-priced products for the lower, nonpremium marketplace. Spare us, and dream up something on your own.

And even when you try to be first, it sure does seem like a lot of other companies have similar, (read: the same), products in or coming to the market.

Just saying.

At the time of publication, the author owned shares of AAPL.

-- Written by Bret Kenwell in Petoskey, Mich.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs