A number of start-ups, which apparently have made a fortune from producing smartwatches and smart bracelets, have begun to develop other wearable devices, particularly smart rings. Some start-ups have raised new capital from fund-raising websites and have begun accepting pre-sale orders and also delivering products, according to Digitimes Research.
Digitimes Research believes that the development of smart rings could follow the business models of smartwatches and smart bracelets under which the start-up companies will pioneer the development of technologies and market for smart rings, and brand vendors may step into the segment after the technologies have been proven and the market starts to take off.
However, the development of smart rings still needs to be observed as the small form factor may limit the number of functions built into the rings, and the limited compatibility with handsets and usage impracticalities make less sense in reality, said Digitimes Research.
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