Google’s working on high-fashion Glass. Where are the fancy smartwatches?

Google’s working on high-fashion Glass. Where are the fancy smartwatches?

BY HAYLEY TSUKAYAMA

March 25 at 12:29 pm

Google Glass keeps getting more and more stylish. Google and Luxottica — which makes Oakleys and Ray-Bans —  announced Monday that they are working together on new designs for the smart glasses ahead of Glass’s expected but as-yet-undetermined consumer launch.

It’s yet another step in the effort to make wearable devices into accessories that consumers may actually want to wear. Earlier this month, Google announced that it was adding four new styles to glass, including those that support prescription lenses, in a move that seemed like a bid to take the idea of Glass further into the mainstream. After all, if Glass starts to look like a normal pair of glasses — or, even better, a cool pair — then it’s more likely that the general consumer will be willing to consider buying one.

The industry potential for adding smart chips and sensors into our accessories is enormous, but the offerings we’ve seen for devices that do more haven’t exactly been stylish — leaving the door wide open for high-fashion houses to make their mark on the next big thing.

Ever since it became clear that wearables would likely become a sector worth watching, analysts have said that fashion houses would be smart to partner with tech firms to make sleek, cool accessories that justify their price-tags by offering more than the potential for a nice compliment now and again. In fact, the Luxottica partnership raises some questions about why other luxury brands haven’t already jumped at the chance to tap into an entirely new pool of money.

One might expect watch makers, for example, to jump at the chance to find new markets. Customers still aren’t totally sold on Glass, but fitness bands have been very successful even despite the fact that their designs often leave much to be desired.

And while the watch industry has actually been — if you’ll excuse the pun — ticking along at a pretty good rate, it’s starting to slow down. Sales were up in 2011 and 2012, according to the analysts firm Euromonitor International, but dipped in 2013.  Even luxury watch sales, which have been an industry bright spot, are starting to see their growth rates fall off.

But if a Rolex, Tag Heuer or even Fossil — which leads the United States in market share — jumped on board the wearables train like their brethren in the glasses world have, it would be able to ride the growth waves of both industries and make the watch look forward-thinking in the process. That’s not so bad for a 146-year-old invention.

After all, it’s not as if  designers would have to produce anything quickly. This latest news from Google certainly doesn’t indicate that the firm’s going to releasing Glass, particularly Ray-Ban or Oakley-branded Glass, any time soon.

“You’re not going to see Glass on your favorite Oakleys or Ray-Bans tomorrow, but today marks the start of a new chapter in Glass’s design,” the company said in an official post on the Google Glass G+ page.

 

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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