He said what we see now in the market is nothing, it is just an accessory. The present wearable technologies work only with another device. The future has to be standalone wearable devices and "we are working towards that," he said.
According to Berg Insight research, sales of wearable fitness trackers, smart watches and smart glasses reached 8.3 million units last year globally, up from 3.1 million in 2011. The shipments are expected to reach 64 million in 2017, growing an annual rate of 50.6 per cent.
"Refinement in technology, design and connectivity will boost market adoption," he said.
He said the PC market is experiencing a challenging and difficult time this year but the tablet and smartphone will keep up the momentum.
The worst is already over and "will not deteriorate" further.
"Many said two years ago that desktop will die but it is still surviving. The only thing which is not happening is recycling period. It has become longer," he said.
The replacement time for laptops used to around four years, but now it is six years while the replacement time for tablets are two to three years and smartphone one to two years.
Asus core strategy is to be in laptop, tablet and smartphone business. "We are trying to explore ways to improve consumers' lives."
Asus has launched a unique three-in-one ultraportable device —
He said hybrid devices with more functionality will gain momentum in future. Everyone needs a computer and it will never die.
"Touch-enabled devices are already embedded into our lives and the usage is expected to double in the future," he said.
Asus makes 70 per cent of its revenues from PCs while component business contributes around 20 per cent and the rest from tablet business.
"Business opportunities are coming from the emerging markets for us.
Consolidation in PC industry is possible "within one or two years. Look at
He denied rumours of Asus merging with Acer. "Both the companies are similar and there is no synergy to merge. So far we have no plan but you never know what will happen tomorrow," he added.
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