The Apple Watch may soon be faced with a new competitor as Chinese electronics company Xiaomi is reportedly planning to release its own smartwatch this year.
According to the First Post, Xiaomi is allegedly gearing up to release its own smartwatch by November of this year.
A leak was recently reported by GizmoChina about the rumored smartwatch from Xiaomi. According to the report, the smartwatch will be powered by a Snapdragon 410 processor. The 64-bit processor will be backed up by a RAM of 512 MB. It will also carry an exceptional internal storage capacity (for a smartwatch) of 4GB.
GizmoChina claimed that there will be a heart monitor installed in the Xiaomi smartwatch as well.
If this is the budget smartwatch that was first reported on by Chinese website 36Krypton, the Xiaomi smartwatch will also feature a round dial and will have features that will allow it to measure pulses. 36Krypton also claimed that the device will be of premium construction, and sport a brushed metal design.
According to the International Business Times, the device is expected to be named the “Mi Watch.” The IB Times also said that there have been no details yet on whether the Mi Watch will be running on the Android Wear operating system or something else entirely.
The First Post had reported earlier that Xiaomi’s Hugo Barra had solicited suggestions from consumers late last year on what they expect from a smartwatch from his company. Barra had said that they will take into consideration what feedback they get from consumers in building a device that not only meets expectations, but is also affordable as well.
No details on pricing have been leaked or confirmed yet, but the IB Times theorized that the Xiaomi smartwatch could be priced at $96.
The IB Times also said that it is likely Xiaomi will offer its smartwatch at a price that is at least 25% or at most 40% cheaper than similar offerings from competitors.