Samsung recently teased something really cool called the Galaxy Ring, making a lot of people excited about what’s next in tech. Samsung’s Global Head of B2B Wearable/ IoT/ Accessory Daniel Seung Lee shared on LinkedIn that the new health and wellness wearable product is launching in the second half of the year. Now, it looks like Apple doesn’t want to be left behind. There’s talk that Apple is working on its own smart ring, and it might show up sooner than we think.

Apple has previously filed some patents for a ring-like wearable device

A report from ETNews shared some insider info saying Apple is pretty close to revealing this new gadget. After Samsung‘s announcement, it seems like Apple is ready to jump in too. They’ve been working on this idea for a while, with a bunch of patents filed that show they’re serious about making it happen.

Apple Smart Ring
Image Credits: Antonio Uquiche

The smart ring market isn’t big yet, but it’s expected to grow a lot. Experts think it could go from being worth $20 million in 2023 to $200 million by 2031. That’s a huge jump! Smart rings offer several advantages over smartwatches, primarily due to their more compact and less intrusive design. They’re lightweight and more discreet, making them easier to wear all day and night without discomfort. This subtlety is ideal for continuous health monitoring and sleep tracking without the bulkiness of a watch. Additionally, smart rings can provide more specialized sensors closer to the skin for accurate readings, and their simplicity allows for a focus on specific functionalities like fitness tracking, notifications, and contactless payments,

Even though we’re not sure when Apple’s smart ring will come out, it’s clear they’ve been thinking about this for a long time. With the smart ring market getting ready to grow, it’ll be interesting to see what Apple comes up with.

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