A report published in Bloomberg says that the Taiwanese manufacturer HTC is working on a wearable smartwatch which might be announced in second quarter of 2014.

HTC Hording

HTC Hording

According to the sources of the publication, HTC’s this upcoming smartwatch will be powered by Google’s Android operating system, and will be capable of clicking pictures just like rival’s Samsung Galaxy Gear. The pricing and the market strategy for the device are still unclear as the development is in initial stage at this point, according to sources.

HTC, once the biggest seller of smartphones in the U.S., is currently struggling to compete with devices from Apple, Samsung and an array of Chinese entrants driving prices down.

There is no official confirmation on the report, but if it is indeed true, then it will be a revolutionary step for HTC that will help to improve its market share to some extent. Looks like company has realized that the wearable gadgets are going to be the next big area of focus for most of the consumer electronics and smartphone firms as analysts predict that retail sales of connected wearable devices will reach $19 billion by 2018.

Source: Bloomberg