Apple Reportedly Working on a Smart Ring Wearable

The introduction of the Galaxy Ring by Samsung has sent ripples through the tech world as people eagerly wait for its release later this year as announced by Samsung’s Global Head of B2B Wearable/ IoT/ Accessory, Daniel Seung Lee. Now, it seems like Apple is about to enter the wearable tech market with its own smart ring earlier than expected.

It is rumored that Apple is working on a ring-like wearable device which is supported by previously submitted patent filings. According to the insider information from ETNews, Apple is almost ready with this new product, implying a quick response to Samsung’s news. The company’s seriousness regarding the concept is clearly seen through its numerous patent applications.

Currently the smart ring market is niche but experts forecast exponential growth, and evaluate the value to rise from $20 million in 2023 to $200 million in 2031. Smart rings provide unique benefits over smartwatches, thanks to their compact, unobtrusive design that is suitable for continuous use. Their quietness makes them suitable for nighttime health monitoring and sleep tracking without the watch’s bulkiness. Furthermore, their specialized sensors offers more accurate readings that are closer to the skin which allows for more focused functionalities such as fitness tracking, notifications, and contactless payments.

Despite the uncertainty about the release date for the Apple smart ring, the company’s continued interest in the concept demonstrates their dedication to innovation. As the smart ring market is expected to expand, Apple’s entrance will bring more vitality to the wearable technology environment.