It was rumored recently that perhaps Xiaomi was building a smartwatch of its own. Xiaomi, often referred to as the Apple of China, has never actually confirmed that it is working on such a product. As per the rumor, the company’s smartwatch would have been priced significantly lower than existing smartwatches, and that it was likely to run on the same MIUI interface that has been found on a number of Xiaomi devices in the past. The company has now officially denied claims that it is building a smartwatch.
The denial comes from Xiaomi co-founder Liwan Jiang, who says that at this point in time, the company is going to focus on its smartphone and TV business. He didn’t flat-out deny the possibility that a smartwatch might be developed somewhere down the line, but it appears that the company has no immediate plans of jumping on the smartwatch bandwagon. Only recently Xiaomi launched a new smartphone as well as a 3D smart TV, the company has seen considerable success in those markets. Its smartphones are some of the best selling devices in China, though the company is yet to make its mark on the international market. It has hired ex-Google executive Hugo Barra to lead its expansion in international markets, perhaps Xiaomi first wants to expand its global presence before diversifying its product portfolio.