Hardware maker Intel hesitated as smartphones and tablets became popular, making it extremely difficult for the company to compete with competitors. However, the company appears to be learning from its mistakes and is working diligently to create new opportunities in the growing wearables market.
In addition to internal hardware development, Intel also has purchased smaller companies and created new partnerships as the industry advances. The Silicon Valley company will continue to manufacture new chips and sensors, and wants to help the Internet of Things (IoT) market develop - further accelerating the growth of wearable devices.
"It hasn't come to fruition as much as the hype would suggest, but we really think something's there," said Mike Bell, Intel's New Devices group leader. "Most people don't want to have a square screen that uses this technology."