Yahoo plans to create a competitor Apple Watch

The Internet company Yahoo does not exclude that next year it will enter the market of wearable and other mobile devices, reports The Financial Times with reference to the senior vice president of the Yahoo, Adam Kagan.

According to him, wearable devices, such as Apple Watch, will provide the company with great opportunities next year. In addition, the company plans to engage in the development in the field of the so-called Internet, where conventional household appliances are connected to the network to manage them from mobile devices, Interfax reports.

At present, Yahoo is actively taking part in the development of the version of its news aggregator Yahoo News Digest for Apple Watch, which is expected to be released in 2015.

Yahoo is an American technological company better known for its Yahoo Search search engine and related products: Yahoo Directory, Yahoo Mail, Yahoo News, Yahoo Finance, etc. The company also owns 24 percent of the shares of the Alibaba Internet giant, which plans to reach an IPO. Yahoo shares are traded on the New York Stock Exchange, the capitalization of the company is estimated at $ 37.5 billion.

Recall, Apple Watch should go on mass sale in early 2015. Meanwhile, other competitors are also not asleep: in the fall, the “smart” clock was released by Microsoft , and Sony, who had already released Smartwatch 3 in September, later stated that she was developing a gadget from electronic paper worn on her wrist.