Next big thing: wrist watches

March 4, 2013

wrist_watchesThe gadget industry seems to have decided that 2013 will be the year of the smartwatch, says David Pogue.

Every time you look, our computers have moved closer to us. In the beginning, they existed only in corporate headquarters. Then came the desktop PC – three feet away. Then the laptop – one foot. Then the smartphone – in our pockets. What"s next – computers on our wrists?

The central idea is sound. You already have an iPhone or Android phone. Wouldn"t it be neat if your watch could communicate with it wirelessly?

Imagine: the watch could beep or vibrate whenever you get an incoming call, text message or email. No more, “Sorry I didn"t get your call; my phone was in my backpack.” No more fumbling for your phone when that would be inconvenient or unsafe – like while you"re skiing, skateboarding or driving.

These watches can also make your phone beep loudly when it"s lost in the house. That"s much quicker than using Find My iPhone, which involves logging into a website.

They can also serve as a digital “leash”: if you wander away, accidentally leaving your phone on some restaurant table, the watch buzzes to warn you.

I tested the Meta Watch ($180 or Rs 9,882), Cookoo ($130 or Rs 7,137), Casio G-Shock GB-6900 ($180 or Rs 9,882), Martian ($300 or Rs 16,471), and I"m Watch ($400 or Rs 21,961, coming in July). More contenders, like a Kickstarter favourite, Pebble Watch, are on the way. (The Martian, Cookoo and Meta Watch also began life on Kickstarter, the website where inventors seek financing from the public.) Even Apple is said to be toying with an iWatch.

The designs are all over the map. Some have touch screens. Some look like regular analogue watches; others are basically iPod Nanos with straps. Some require daily charging; others take watch batteries.

They do have some things in common. First, these early smartwatches are thick and chunky – a desirable quality in a stew, maybe, but not for the delicate of wrist.

Second, they communicate with your phone over Bluetooth. You have to “pair” the watch to your phone on the first day – and whenever you exit Airplane Mode. Most models require a companion phone app for this purpose.

Most of these watches use Bluetooth 4.0, which means your phone will lose only a small amount of battery charge each day – maybe 5 or 10 percent – but only recent models, like the iPhone 4S and 5, are compatible.

Finally, the instruction manuals are terrible or nonexistent; it"s as if, in their zeal to make these things work, the companies forgot all about explaining it to you. Wrists ready? Here we go.

Casio G-shock GB-6900

This watch closely resembles Casio"s other G-Shocks: popular, masculine, rugged, waterproof digitals.

But this one can beep or vibrate when calls or emails come to your iPhone (Android is in the works) – though not, alas, text messages. There"s no Caller ID; a cramped scrolling display says only “Incoming call.” For email, the sender"s address scrolls slowly. You can dismiss these alerts with a double-tap on the glass – that"s the only thing this watch"s “touch screen” does.

The watch can also set itself as you cross time zones by checking in with your phone.

These limited functions are solid and power-stingy; one watch battery lasts two years. The watch has four buttons – the usual user-hostile digital watch assortment, like Mode, Adjust and Split/Reset – but they get the job done.

Cookoo Watch

The round face and analogue hands offer spartan good looks; only the watch"s alarming thickness (three-quarters of an inch) and four edge buttons let you know that it"s not a Swatch.

There"s no screen. Instead, icons dimly appear on the watch"s black background as notifications of incoming calls, calendar reminders or Facebook posts. (email and text notifications are coming soon, says the company.)

If you want to know what they are or who they"re from, you have to get out your phone.

The Cookoo offers a bidirectional “find” feature and a low-phone-battery warning; it can also set off your phone"s camera by remote control, which is great for self-portraits. There"s also a weird emphasis on “dropping pins” – telling your Facebook friends where you are, for example.

A standard watch battery lasts nine months, and the price is reasonable. But there are lots of rough edges and missing features.

Meta Watch

The text and graphics are white-on-silver, which is sometimes hard to read. The setup instructions for iPhone are ludicrously complex. The phone alerts you when text messages or calls come in, but notifications for email, appointments, Facebook posts, tweets and alarms are “coming soon.”

No instructions come with the watch, and even the online help page doesn"t tell you what the watch"s six buttons do.

That"s too bad, because there"s some promise here. The Frame model ($200 or Rs 10,980) isn"t much thicker than a real watch. (The $180 or Rs 9,882 Strata model is plastickier.) Both last about five days on a charge.

You charge the watch by clamping a USB clip onto it; the bottom jaw touches contacts on the watch. You can wear the Meta Watch swimming or showering.

The watch also runs widgets – the three Home screens hold four each – like stocks and weather. Someday, the company hopes, app writers will create new functions. For now, though, this watch feels like a prototype.

I"m Watch

Although this weirdly named watch runs an ancient version of Android, it looks like an iPod Nano on your wrist.

It"s the only contender with true touch-screen operation. You swipe through pages of tiny icons: Facebook and Twitter-reading apps, a compass, a calculator, address book, music player and so on. An online app store offers a couple of dozen very simple apps, some for a price. Unfortunately, the I"m is big, baffling, buggy and slow, and the battery doesn"t last a day. You"re supposed to be able to use it to make calls, but you get nothing but garbled snippets.

Here"s a better name for this watch: I"m Unfinished.

Martian Watch

This classy-looking watch has analogue hands; a crisp, bright scrolling line of text appears only when the watch has something to say. It notifies you of text messages, incoming calls, email, Twitter or Facebook posts.

On the iPhone, until the companion app is ready at the end of March, the Find Phone feature doesn"t work, and the only notifications are for text messages.

Even then, you see only the first 40 characters of text messages and the first 20 of Facebook/Twitter posts; the email alert shows only how many new messages you have, not what they are.

Cool: you can decline an incoming call by shaking your wrist a certain way. The watch can set off your phone"s camera remotely, and it can read incoming texts aloud. One USB charge lasts several days.

By far the most astonishing feature, though, is that the Martian is a full-blown speakerphone. It communicates with Android"s voice-dialling feature or, even more flexibly, the iPhone"s Siri.

You press the top button and say, for example, “Call mom"s cellphone,” and bingo – you"re having a phone conversation with your mother through your watch. You can also dictate text messages and emails or check your calendar by voice, all thanks to Siri. Audio is surprisingly clear on both ends, though it"s not powerful enough for loud places.

But seriously: what a giddy, useful feature. This is it, people: Dick Tracy. James Bond. The future.

Otherwise, though, you have to wonder if there"s a curse on this blossoming category. Why are these smartwatches so buggy, half-baked and delayed? The Casio and Martian watches are worth considering. But if you ask the other watches what time it is, they"ll tell you: too soon.

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Agencies
January 16,2020

Claiming that e-commerce giants like Amazon import as much as 80 per cent of the items sold on their platforms, small manufacturers' body has said that their business models do not benefit local industry and are creating jobs of delivery boys only.

"Neither manufacturers nor traders are getting any benefit from the business models of Amazon and Flipkart because they largely import their products from China and Korea and sell here. Nearly 80 per cent of their products are imported," said Anil Bhardwaj, Secretary General, Federation of Indian Micro and Small & Medium Enterprises (FISME).

Bhardwaj said that the global e-commerce players generally source and sell products through their own preferred suppliers and as a result a large number of local manufacturers and traders get crowded out.

He listed out deep discounting and buying products from preferred companies as unfair practices.

"Even if they buy products from local suppliers the commission charged is very high," Bhardwaj said adding that the issues related to unfair practices have been raised with Commerce Ministry on multiple occasions.

FISME maintains that the technology-driven retail is way forward and one cannot be oblivious of the benefits it brings to consumers but at the same time the local industry can also not be ignored given its role in job creation.

"If both traders and local manufacturers are crowded out then how would the local industry survive and employment be generated?" asked Bhardwaj.

As Amazon Founder and CEO Jeff Bezos is currently on his three-day visit to India, the local traders are up in arms against the "unfair" trade practices of the tech giant. Delhi-based Confederation of All India Traders (CAIT) has launched a countrywide protest against the company and has organised protests across 300 cities.

In a setback to Amazon and Walmart-backed Flipkart, the fair market watchdog Competition Commission of India (CCI) has ordered probe into the business operations of both the companies on multiple counts including deep-discounts and exclusive tie-up with preferred sellers.

"For the first time some concrete step has been taken against Amazon and Flipkart who are continuously violating the FDI policy in indulging in a vicious racket of controlling and monopolising not only the e-commerce but even the retail trade as well," CAIT National Secretary General Praveen Khandelwal said after the CCI order.

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Agencies
June 7,2020

New Delhi, Jun 7: The Government of India (GoI) must strengthen the laws to protect animals, said People for the Ethical Treatment of Animals (PETA) India CEO Dr Manilal Valliyate on Sunday, following an elephant's death in Kerala and cow injured due to ingestion of explosives in Himachal Pradesh.

"Such incidents are not just restricted to certain regions but are happening all across the country. PETA receives more than 100 similar cases every day. People send in their complaints to us, not just for cows and elephants but for so many other animals as well," he said.

The PETA chief urged the GoI to strengthen the laws established to protect animals.

"As per the current laws set out against animal cruelty, the perpetrator would only be charged Rs 50,000 as a fine. That is equivalent to no punishment at all," added PETA India CEO.

He expressed his anguish against municipal agencies as well, saying that they are not doing "serious" work. He also highlighted how cows are left on the roads to wander, after milking them, to feed on garbage, in several parts of the country.

"These injustices against animals through explosives has been going on for quite a while. But for the first time, it has received such public attention," he said.

After a pregnant elephant was fed cracker-filled pineapple and her eventual death on May 27 in Kerala's Palakkad district, a pregnant cow sustained fatal injuries on May 25 due to accidental ingestion of explosives in Dadh village of Bilaspur district of Himachal Pradesh.

One person has been arrested in the Dadh village for allegedly hurting the cow.

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News Network
February 5,2020

Feb 5: Tesla is making Elon Musk a lot richer without paying him a dime.

A blistering stock rally has bolstered the value of CEO Musk's 19% stake in the electric car maker by $16 billion since the start of 2020, to $30 billion.

Tuesday's steep climb in the share price could sweeten Musk's payday under his record-breaking compensation package, which is built on stock options that rely on market value targets. Two milestones have now been achieved that could see Musk unlock options worth $1.8 billion.

The controversial chief executive, who is also the majority owner and CEO of rocket maker SpaceX, recently testified that he did not have a lot of cash as he successfully defended himself in a defamation lawsuit. He previously has taken loans using his Tesla shares as collateral.

Musk does not take a salary, choosing instead a risky options package that envisions the stock market value of Tesla rising to $650 billion over 10 years, a prospect that was derided by some investors when the deal was announced in 2018.

That target now looks less crazy. Shares of Tesla have rallied over 50% since the company posted its second consecutive quarterly profit last Wednesday, which was viewed as a major accomplishment for a company competing against established automotive heavyweights including General Motors Co  and BMW.

Tesla shares have climbed about 400% since early June, helped by the company's better-than-expected financial results and ramped-up production at its new car factory in Shanghai.

On Tuesday, Tesla surged as much as 24% before falling back in the final minutes of the trading session to end the day up 13.7%. That put its market capitalization at $160 billion, almost twice the combined value of Ford Motor and General Motors.

The shares had also rallied on Monday, partly fueled by Panasonic Corp's 6752.T saying its automotive battery venture with Tesla was profitable for the first time.

The options Musk was awarded in 2018 vest incrementally based on targets for Tesla's stock market value and its financial performance. The market capitalization would have to sustainably rise by $50 billion increments over the agreement's 10-year period, with the full package payout reached if the market cap reaches $650 billion, as well as the company's meeting revenue and profit targets.

Musk is on his way to seeing his first two tranches of options vest. He achieved operational targets on revenue and adjusted earnings last year.

The rise in Tesla's market capitalization last month to a target of $100 billion opened the way for Musk's first tranche of options to vest. With Tuesday's surging share price, the market capitalization blew past the second target of $150 billion, opening the way for the second tranche to vest. Tesla's market capitalization must stay at or above each target level for one- and six-month averages for each set of options to vest.

Tesla was valued at about $52 billion when shareholders approved the pay package in March 2018, a time when the company faced a cash crunch, production delays and increasing competition from rivals.

A full payoff for Musk would surpass anything previously granted to U.S. executives, according to Institutional Shareholder Services, a proxy advisor that recommended investors reject the pay package deal at the time.

Musk currently owns about 34 million Tesla shares, and his compensation package would let him buy another 20.3 million shares if all his options tranches vest.

When Tesla unveiled Musk’s package, it said he could in theory reap as much as $55.8 billion if no new shares were issued. However, Tesla has since awarded stock to employees and last year sold $2.7 billion in shares and convertible bonds, diluting the value of the stock.

Musk has transformed Tesla from a niche car maker with production problems into the global leader in electric vehicles, with U.S. and Chinese factories. So far it has stayed ahead of more established rivals including BMW and Volkswagen.

Many investors remain skeptical that Tesla can consistently deliver profit, cash flow and growth. More Wall Street analysts rate Tesla "sell" than "buy," and the company's stock is the most shorted on Wall Street.

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