This Day On The Street
Continue to site
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

Samsung Exec: Smartwatch "Lacks Something Special"

NEW YORK ( TheStreet) - In what can only be termed as a suicidal quote to the press, a Samsung executive said the soon-to-be-released Galaxy Gear smartwatch "lacks something special".

According to a report in the Korea Times an unnamed Samsung official said, "We've acknowledged that our Gear lacks something special. With most investment for user interface and user experience Samsung devices will be better in terms of customer satisfaction."

Galaxy Gear is Samsung's recently announced entry into the emerging smartwatch device category. The watch runs on Google's (GOOG - Get Report) Android operating system - and mirrors a number of smartphone functions in a device designed to be worn on your wrist. The Gear will communicate via Bluetooth with Samsung's new Galaxy Note 3 tablet/phone and nearby Wi-fi networks. Syncing with other Samsung Galaxy smartphones will be announced in the coming weeks.

Lee Don-joo, Samsung's executive vice president for mobile device marketing has a different take on his company's new product. He said the device is "a wow product" and is "definitely receiving warm response."

Samsung and several others are betting on the future of smartwatches. Sony (SNE - Get Report) is selling its appropriately named, second-generation "SmartWatch 2," which sells in the $200 range. Rumors continue to abound concerning a possible "iWatch" from Apple (AAPL).

At the beginning, Galaxy Gear watches will be sold only by cellular phone providers in the United States, with a suggested retail price will be $299.

Samsung is also reportedly working on a next-generation Galaxy Gear which could sport a lower price tag.

--Written by Gary Krakow in New York.
Gary Krakow is TheStreet's senior technology correspondent.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GOOG $636.17 -1.40%
SNE $26.56 0.87%
AAPL $109.90 -1.30%
FB $91.62 -1.30%
TSLA $232.29 -3.80%


Chart of I:DJI
DOW 16,821.22 +31.03 0.18%
S&P 500 1,980.36 +0.44 0.02%
NASDAQ 4,742.5220 -5.8390 -0.12%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs