Swatch may not be the first vendor that comes to mind when thinking about wearables, but happens to own a large sum of patents related to the technology.
Bloomberg believes that Swatch owns 173 patents all in which relate to wearable technology. These include a variety of concept designs such as one’s with proximity sensors and data-transmitting batteries. Sources believe that the company is well capable of producing its own smartwatches unlike competitors who rely on others for sensors and parts.
Owning all these patents could eventually help Swatch significantly because of other manufacturers who will seek to incorporate their ideas into their own wearable devices. This has been well proven in the case of smartphones. It’s only a matter of time before the wearable market picks up. With that said, Swatch may be able to pick up some rightfully won cash from rivals down the road.
Source: Bloomberg
Come comment on this article: Swatch is piling up the patents
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