The wearables market is technology’s latest battleground with small upstarts like Pebble and Omate, as well as early entrances from big players like LG, Samsung, and Google. Today, with their announcement of the Apple Watch, Tim Cook officially entered the race and upped the ante with Apple Pay. With Apple in the game, can a young, upstart company like Pebble, maker of the popular Pebble Steel smart watch, go the distance? Or will the small players with early leads get trampled?
In the technology world, the winners are rarely those with the best product, but rather those who have created the most ubiquitous platform. However, established companies that offer the advantage of experience often operate from a defender mentality – protecting their market leadership and brand. Small companies like Pebble offer a challenger mindset. Less tethered to existing platforms, they are free to push boundaries and explore new possibilities.
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