HTC rumored to have cancelled plans to release smartwatch

Now that Android Wear is out and manufacturers have had time to make a smartwatch, we’re seeing a flood of them release. Samsung already has one on the market, along with fifty of its own Tizen-powered watches, LG has two, Motorola just released the beautiful Moto 360, and ASUS has announced one as well.But if this rumor ends up being true, we won’t be seeing a smartwatch from HTC for a while. The company was planning to release a smartwatch, but it looks like those plans were cancelled due to high price and lack of differentiation. And that makes a lot of sense, as HTC doesn’t want to release another mediocre product for the sake of getting it out to the market (it doesn’t work well for Samsung).On one hand, this means that HTC can’t get a foot into the door and start gaining market share. On the other, we don’t need another mediocre smartwatch on the market and HTC doesn’t need another financial failure of a device. So it’s probably for the best that it was cancelled. Though the rumored similarities to the Qualcomm Toq (like the Mirasol display) sure were interesting.Were you excited for an HTC smartwatch? How do you think the company could have made it stand out? Leave a comment!