I am very surprised Lenovo trying to enter wearable market...I thought their business model is to enter the established business and cut the costs...this is very different strategy, my bet is they will fail...Kris
Rick, In my mind Apple is in front of the innovation, they have to do wearables or they will disappear...Lenove is in the back of innovation, they can afford to wait to see what shakes out and buy that business out in 5 years time, not sure I understand their dramatic change of teh strategy now...Kris
>> .Lenove is in the back of innovation, they can afford to wait to see what shakes out and buy that business out in 5 years time
That was the old Lenovo. They had expected that the PC curve will not change - will continue to grow. They need to become early adopters now or they will be in trouble. Businesses now are global and anyone that fails to think that way cannot compete.
>> Is Lenovo winding up its own smartwatch or something new
We will see - this will be the first time they are moving into a new area quick. Few years ago, there were so sure that PCs could keep them in business. Not anymore. We will see how this pivot works out.
As Nike is seemingly getting out of fitness wristband segment, the skeptism of wristband business raises.
I'm sure there are people benefit from fitbit and similar product. If nothing else, it helps quantifying your effort of being active. It isn't my thing since I use my heart pumping and my sweat dripping to do my own measurement. However, I can't help to check out the specification and the business growth because of my engineering mind. Company like jawbone has already released 2 products in the line. Fitbit has released more. In the market, I see people wearing one brand or the others, noticing there are more people wearing fitness wristband over the last 6 months. Business is good, isn't it?
I agree with the article. Wearable must grow beyond fitness. Would an embedded watch become one of one of the key features? To me, I rarely wear watch. So, watch + fitness will less likely drive me to buy one. I start thinking what will change me. So, what features would you like to have in wristband NG?
Complete agree @chanj0...I think the market has NOT figured out yet what wearable device would be useful...I exrcise 5 times a week and I do just fine without any measurements, I am tired, I sweat or relax (in Yoga) and could not care less how many calories I burnt...I don't know how many calories I eat after all, better create a device that measures that...there is more people eating the exercising!
Yes, we need to go beyond fitness and use our imagination...I see food, sex and alcohol...for food I would like to have a gadget that measure calorie consumption of my meal, why not make regular picture, combine with some calorie database, throw in infrared or ultrasound scan and figure this out...mobile sex is probably done at least visually and touch seems complicated...for alcohol we have add-on breath analyzers already, can I get a gadget to tell me alcohol content of what I drink? Finally, I would love to have a smell sensor added to my smart phone, could have variety of applications...maybe pocket DNA analyzer or at least lab-on-a-chip...Kris
Good point - there is the potential to really overdo on measuring things. How my jeans fit is the best indication I have of whether I'm working out enough to balance out what I'm eating. Also, I've found that devices like the FitBit are really limiting in what they can measure.
>> As Nike is seemingly getting out of fitness wristband segment, the skeptism of wristband business raises.
The biggest challenge is that the margin will be too low for anyone to make this a core business. If I cannot afford a watch of $200, why will I buy something like this for that amount when I have my phone in the pocket. The opportunity may be in mHealth but that may be for people with chronic disease problems. But we need to wait for Apple to launch its iWatch. They have figured how to make great products and can change this conversation.