Helena Izotova
Google Corporation has recently introduced Android Wear. This is a new platform designed for portable gadgets like smart watches.
Apparently, the company's experts are sure that this is a promising direction since the amount of portable gadgets powered by Android will definitely be growing over the next few years. Therefore, it is necessary to back the growth by introducing the software and SDK to let the developers power their products by the modified Android OS.
In particular, according to some scientific research, the shipment of portable gadgets will reach 130 million by 2018. Therefore, this is going to be a big-scale niche inside the international mobile market.
At the same time, it should be noted that Google is currently cooperating with such companies as Asus, HTC, LG, Samsung, Motorola, along with chip manufacturers - Broadcom, Imagination, Intel, Mediatek and Qualcomm.
Apparently, all of these companies help Google create portable devices like smart watches. Without any doubt, most of such devices (including those made by Google and other companies) will be powered by Android Wear. This will onlay help the corporation to consolidate its position in the industry, thereby increasing its market share even higher.
By the way, Google's stock is positive about the news as traders, investors and shareholders are reassured. Since the beginning of today's trading session, GOOG is already up by 1,61% to $1,211.26 per share. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of GOOG:
Helena Izotova
