From Nasdaq: 2024-04-04 11:30:00

Alphabet’s Google introduces new features for Pixel Watch series, including a “Vibration watch” feature and auto-brightness improvements to enhance user experience and gain traction in the smartwatch market. With the global smartwatch market projected to reach $77.22 billion by 2032, Alphabet aims to capitalize on growth opportunities with its latest updates.

The first-gen Pixel Watch now features a new Fitbit Workout UI and upgraded Pixel Camera app on Wear OS, offering various photo and video modes. These enhancements position Alphabet to strengthen the Google Services segment and drive financial performance. Analysts estimate 2024 total revenue growth of 11.7% for Alphabet.

Competition intensifies in the smartwatch market as Apple unveils new gestures for Series 9 and Ultra 2, while Garmin updates select smartwatches with advanced features like Multisport Auto Transition and Sleep Coach. Apple maintains its market leadership, attracting first-time smartwatch customers, while Garmin sees momentum in adventure watches with feature updates.

Alphabet faces competition from Apple and Garmin in the smartwatch market, with both rivals unveiling advanced features and attracting customers. Apple’s market leadership and Garmin’s focus on adventure watches pose challenges for Alphabet’s Pixel Watch series. Stiff competition in the smartwatch space prompts Alphabet to enhance features and strengthen its position in the market.



Read more at Nasdaq: Alphabet (GOOGL) Bolsters Pixel Watch Series With Latest Move