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Reports of ‘imminent’ Apple Ring is bad news for Oura, Movano, Samsung
Friday, February 23, 2024 1:20 pm
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Apple is reportedly speeding up development of the long-rumored Apple Ring wearable smart ring that would continuously collect wearers’ health data, ETNews reported this week.

Maria Diaz for ZDNet:

[A]pple is reportedly working on the launch timing of its smart ring. This would be another new device released on the heels of the Apple Vision Pro, the first new device category launched by the company in nearly a decade.

It would make sense to learn that such a device could be nearing commercialization, especially after Samsung announced its own…

The global smart ring market is projected to grow by over 29% by 2028, from $234 million in 2022 to $1.1 billion in 2028. Oura leads the smart ring market with a 53% share, but this number will likely take a hit once Samsung officially launches its Galaxy Ring this year. This could be the opportunity Apple has been waiting for to perfect its smart ring technology and launch the device.

Whether Apple announces a new smart ring during WWDC 2024 event or not, I don’t think we’ll go two more years without an Apple Ring, especially if the Samsung Galaxy Ring does well with users.

MacDailyNews Take: “$1.1 billion in 2028” is a prediction will turn out to be quite the undershot if/when Apple gets involved.

See also: Evie Ring by Movano is now using Liquidmetal

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https://macdailynews.com/2024/02/23/reports-of-imminent-apple-ring-is-bad-news-for-oura-movano-samsung/