Tom Hale, CEO of Oura, a company specializing in smart ring technology, specifically the Oura Ring since 2015, was interviewed by CNBC. When asked if he believed Apple would enter the smart ring market, considering Samsung’s recent entry with the Galaxy Ring, Hale expressed skepticism. Despite Apple’s successful Apple Watch, he doubted their motivation to venture into smart ring development. However, he acknowledged Apple’s potential interest in the market, although he viewed the development of smart ring products as a challenging endeavor.
There have been reports of Apple exploring smart ring development earlier this year, but with limited progress. Hale added that Apple typically focuses on product refinement, such as health devices integrated into the Apple Watch, and may not introduce a new platform for smart rings.
Source: CNBC
TLDR: Tom Hale, CEO of Oura, shared his skepticism regarding Apple’s potential entry into the smart ring market, citing their successful Apple Watch as a potential deterrent. He also highlighted the challenges associated with developing smart ring products.
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