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Apple and Samsung Set to Compete in the Growing Smart Ring Market

As the smart ring market is projected to expand significantly, Apple accelerates its 'Apple Ring' development to rival Samsung's 'Galaxy Ring', focusing on health and wellness features.

A report claims that Apple is working on an 'Apple Ring.'
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Overview

  • Apple and Samsung are gearing up to enter the smart ring market, with Apple reportedly accelerating the development of its 'Apple Ring' to rival Samsung's upcoming 'Galaxy Ring'.
  • The smart ring market is expected to grow significantly, from $20 million last year to $197 million by 2031, with both tech giants aiming to capture a share of this emerging market.
  • Samsung's Galaxy Ring is rumored to feature blood flow measurement, ECG monitoring, sleep tracking, and the ability to control other devices and make wireless payments.
  • Apple has been applying for patents related to smart rings, indicating its serious interest in developing a wearable that could offer health tracking and potentially control other Apple devices.
  • Both companies are focusing on health and wellness features for their smart rings, suggesting a competitive landscape that emphasizes the importance of health monitoring in wearable technology.