LG Prepares For G Watch With Teaser Video

LG Electronics Inc. (KRX:066570) (OTCMKTS:LGEAF) fans who are patiently awaiting the next great smartphone will enjoy the recent teaser video of the device. The smartwatch will feature an elegant round screen and a 1.5 inch backlit LCD touchscreen. This watch will also come with useful essentials like a compass and pedometer. The home screen will feature that looks just like a typical watch.

LG G Watch get new upgrade

The G Watch brings the best of both worlds in one watch. This watch has that classic watch design with a home screen that looks exactly like the traditional watch interface, but it has “smart” features you won’t find on a typical watch. It appears LG is taking cues from Motorola’s Moto 360 smartphone which also features a circular and a backlit LCD touchscreen. This device is expected to be unveiled at a tech event in Chicago next month.

Notes From Schwarzman, Sternlicht, Robert Smith, Mary Callahan Erdoes, Joseph Tsai And Much More From The 2020 Delivering Alpha Conference

Stephen SchwarzmanThe following are rough notes of Stephen Schwarzman, Steve Mnuchin, and Barry Sternlicht's interview from our coverage of the 2020 CNBC Institutional Investor Delivering Alpha Conference. We are posting much more over the next few hours stay tuned. Q2 2020 hedge fund letters, conferences and more One of the most influential investor conferences every year, Read More

The original G Watch was initially launched earlier this summer, so it is quite surprising the company is doing a refresh so soon. The smartwatch market is a relatively interesting market to watch. Many tech companies are jumping on the smartwatch bandwagon even though the watch has yet to catch on as a must-have tech gadget. The premise of the smartwatch is a device that works with smartphones, making it easier for people to use smart technology in new ways.

Potential competition from rivals

Next month, Apple is expected to debut the iPhone 6 and possibly the iWatch. There is much speculation Apple Inc. (NASDAQ:AAPL) will revolutionize the smartwatch industry, and given the fact the company introduced health/fitness related features for iOS only adds fuel to the rumor.

LG’s new smartwatch may be the ideal gadget for someone who wants to test out the high-tech watch waters while maintainng a sense of simplicity. LG has yet to comment on the teaser video or report.