What we know so far about the rumoured Apple smart ring

Samsung officially announced the launch of a new smart ring-shaped wearable device, Galaxy Ring, as part of its Galaxy Unpacked event earlier this year. The ring, expected to be on sale in late summer 2024, will be able to monitor the user’s health parameters and provide insights based on the health metrics observed, which is very similar to what a smartwatch can do.
The global smart ring market is expected to grow from USD 314.52 billion ( 246.3 billion) in 2023 to USD 2,570.30 billion ( 2,012 billion) by 2030. So it is no surprise that Apple is now rumoured to be applying for its smart ring patents and is expected to have the product ready in time to compete with Samsung’s release.
But it might be surprising to learn that neither Samsung nor Apple are pioneers in this new wearable technology. Oura was launched in 2015 with a Kickstarter campaign for the first generation ring.
Now on its third generation, with the fourth one expected in 2024, this smart ring can measure respiratory rate, heart rate, health rate variability (HRV), blood oxygen levels, and body temperature. The ring also has an accelerator that logs the user’s activity and movement. However, the main question is: is wearable technology worth it?
What is wearable technology?
Wearable devices come in many shapes and sizes, including smart watches and sports watches, fitness trackers, head-mounted displays, smart jewellery, smart clothing, and even implantable devices.