- Intel reveals its new initiatives in the Internet of Things – luxury smart bracelet and the world's smallest modem.
- In our original article, we said that Intel's future growth will be fueled by the Internet of Things.
- We believe that the company's new initiatives confirm our view.
Intel (NASDAQ:INTC) is expected to announce its new luxury smart bracelet in the next few weeks, according to a person familiar with the matter, reports CNET. In January, at the Consumer Electronics Show, Intel first announced its plans to move into wearables for the connected devices market, or the market for the Internet of Things, to be more precise. The smart bracelet will be designed by fashion house Opening Ceremony, and sold at luxury retailer Barneys New York. The smart bracelet that will feature a curved glass display won't be a fitness tracker. Intel, Barneys and Opening Ceremony have created a premium and high-end product meant for niche customers. The new wearable is going to be the first in a series of products Intel plans to unveil over the next three to six months in partnership with more fashion houses and lifestyle brands, the person said.
The company also launched what it's calling the "world's smallest standalone 3G modem" as part of its increasing investment in the Internet of Things market for connected home appliances, industrial systems, and wearable technology, reports PCMag. The modem, known as XMM 6255, is just 300 mm squared in size and leverages Intel's new Power Transceiver technology. Intel is positioning the modem for wearables and various sensors for the connected devices market.
Intel is strongly pushing its new modem as a solution for smaller devices like smartwatches or its own smart bracelet that the company is likely to introduce during the New York Fashion Week (September 4) or its annual Developer Conference (September 9 to 11). We have said repeatedly in the past that Intel's future growth will be fueled by the Internet of Things. We have also mentioned that Intel's new IoT Solutions Group, a division combining the Intelligent Systems Group and Wind River organizations, will focus on its existing business of making chips for commercial and industrial devices. To learn more, read our original article.
Business relationship disclosure: The update has been written by a BB Research stock analyst. BB Research is not receiving compensation for it (other than from Seeking Alpha). BB Research has no business relationship with any company whose stock is mentioned in this article.