Samsung opens new smartwatch to competition

• Samsung Electronics (OTC:SSNLF) is making the technology of its upcoming Gear S2 smartwatch available to competitors who use Android, hoping to increase its share of the market, which is now dominated by Apple.
• According to Strategy Analytics, worldwide smartwatch shipments grew to 5M in the second quarter of this year from 1M in the same period of 2014.
• While Apple Watch captured 75% of global smartwatch market, Samsung only took an 8% share.
• Previously: Samsung unveils new smartwatch (Sep. 01 2015)