Intel Corporation (NASDAQ:INTC) is taking another crack at the smartwatch industry with the Basis Peak, a report from Re/Code reveals. The new smartwatch will be sold for $200 in November.Intel Corporation (NASDAQ:INTC) completed the acquisition of Basis Science, the maker of the B1 smartwatch and the new Peak smartwatch, earlier this year in a transaction Mike Bell, Intel vice president and general manager of the Intel’s New Devices Group, said was a move to accelerate the chipmaker’s entry into the wearables market.
Nonetheless, unlike other manufacturers of smartwatches, Basis Science says that the Peak is not a product that strives to be everything.
“We’re not trying to be a full-on smartwatch, but we will be able to do some of the essentials users want,” Jef Holove, Basis Science general manager, told Re/Code.
According to the publication, the Peak smartwatch offers a better heart rate sensor and with improved sleep, exercise and diet trackers in a package that includes a touch screen display, an anodized aluminum body and Corning Gorilla Glass 3. The Peak smartwatch, Re/Code added, will also pair with communication devices through Bluetooth LE for notifications.
The new smart wearable from Intel Corporation (NASDAQ:INTC) will also be compatible with Android and iOS, is waterproof and is claimed to last up to four days on a single charge.
Intel Corporation (NASDAQ:INTC) bought Basis Science for $100 million, a report from TechCrunch reveals. Recently, the chipmaker launched the Mica smart bracelet fashion accessory, a product made in collaboration with fashion house Opening Ceremony.
Ken Fisher’s Fisher Asset Management owned about 18.96 million Intel Corporation (NASDAQ:INTC) shares by the end of the first half of the year.
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