LG is going to release a round smartwatch called the LG G Watch R. The company showcases the product in a video posted on YouTube. The official release is going to be at IFA 2014.
It was expected that other brands would follow Motorola when it comes to the classic round design as the Moto 360 has received the most attention mainly because of the design.
Asus will also release a smartwatch on September 3rd, which is set to be aggressively priced – between $99 and $149.
The wearable technology market is set to triple this year to 19 million units sold and research firm IDC forecasts 111.9 million units by 2018.