Over the past week, there has been some evidence that Google (NASDAQ:GOOG) may be planning to release a smartwatch of its own design by the end of October. The question investors are asking is whether such a product will be meaningful for the stock. If we use the recent release of Samsung's (OTC:SSNLF) Galaxy Gear as a benchmark, the answer would appear to be no. Recent reviews of Galaxy Gear, including one from the New York Times' David Pogue have been decidedly negative.
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In the video below, I discuss Pogue's review of Galaxy Gear, rumors on Apple's (NASDAQ:AAPL) apparent plans to introduce an iWatch, and what it all means for Google stock. Ultimately, whether the Search King ever goes to market with the product - and I see it as a potentially positive catalyst for Google if it does - Google looks attractive after its recent selloff and is worth a careful look by investors.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.