Back to top

Analyst Blog

Connected Experiences, Inc., the business arm of Qualcomm Inc. (QCOM - Analyst Report), has recently unveiled a smartwatch, Toq. The smart device is expected to be shipped from mid-Oct.

Though Toq is neither a smartphone nor a tablet, the device can synchronize with the user’s smartphones, enabling texts, phone calls and alerts from Facebook and Whatsapp.

Samsung has launched a similar smart accessory – Galaxy Gear smartwatch – with Qualcomm. To remain competitive, we expect Qualcomm to price the smartwatch around Samsung’s device which costs $300.

Toq’s screen has Mirasol display technology, thereby allowing clarity in display even in daylight. It is powered with Qualcomm’s 200 MHz Cortex M3 processor and is compatible with Google Inc.’s Android devices. It is also expected to support Apple Inc.’s (AAPL - Analyst Report) devices in the future.

It is available in black and white with a wireless Bluetooth headset and battery charger. Qualcomm will bring limited numbers of its much-hyped smartwatches initially to create market demand for its advanced technology.

Most high-end smartphones are powered with Qualcomm’s Snapdragon processors as the company is one of the leading suppliers of LTE-based chipsets. The popularity of these processors will further gain traction as the recently-launched handsets like Samsung Electronic’s Galaxy S4, Sony Corp.'s (SNE - Snapshot Report)  Sony Xperia Z and BlackBerry Limited’s BlackBerry Z10 are using Qualcomm’s chipsets.

In the recently concluded third quarter of 2013, Qualcomm shipped approximately 173 million CDMA-based MSM chipsets, up 14% year over year.

Currently, Qualcomm carries a Zacks Rank #3 (Hold).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
ERBA DIAGNO… ERB 3.55 +11.64%
CHINA BIOLO… CBPO 55.57 +7.40%
BITAUTO HOL… BITA 96.14 +5.58%
LUXOFT HOLD… LXFT 38.77 +3.64%
INSITE VISI… INSV 0.30 +3.41%