Apple is reportedly speeding up development of Apple Ring wearable

Apple is reportedly speeding up development of the long-rumored Apple Ring wearable smart ring that would continuously collect wearers’ health data.
Citing Business Research Insight, ETNews reports that the smart ring market is set to increase 5-fold from just $20 million in 2023 to nearly $200 million by 2031.
Junho Park for ETNews:
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Apple is also speeding up the development of Apple Ring by registering patents related to smart rings one after another.
In November of last year, it filed a patent for an electronic system applied to the U.S. Patent and Trademark Office (USPTO). It is a technology that can install a near-field wireless communication circuit and work with other devices.
As Apple has been steadily releasing smart ring-related patents for years, it seems that pre-development for commercialization is imminent [an industry official said].
With the growth of the global healthcare market, the smart ring industry will grow rapidly, centering on North America and the Asia-Pacific region, where the mobile ecosystem has developed, [the industry official said]. It is expected that companies with technological advantages in terms of connection, convenience, and accuracy will lead the market.

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MacDailyNews Take: “Nearly $200 million by 2031” is a prediction will turn out to be quite the undershot if/when Apple gets involved.
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