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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen7/26/2016 3:25:24 PM
   of 1084
 
Google-Backed Chinese Smartwatch to Go Head to Head With Apple

Mobvoi Inc., the Chinese AI startup backed by Google, intends to go toe-to-toe with Apple Inc. when it begins selling its smartwatches in the U.S. in September.

The four-year-old startup founded by a coterie of former Googlers is hoping American consumers will take to the second generation of the Ticwatch, which made waves back home via voice-activated natural language search and innovative features like a touch-sensitive strip for scrolling. The new version responds to questions in English and will let U.S. users order pizzas, hail Ubers and pick out restaurants on Yelp.

The $200 gadget will go for a fraction of the standard-issue Apple Watch and is roughly $100 cheaper than Motorola’s latest Moto 360. Li Zhifei, founder and chief executive officer of the Beijing-based company, reckons he could sell about 50,000 of the devices within a year of its U.S. debut, helping bring its total revenue to $100 million in 2017.

bloomberg.com

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