HTC Reportedly Working on Android-Powered Smartwatch By Staff Reporter | Oct 22, 2013 05:30 PM EDT If Samsungâs newly launched Galaxy Gear Smartwatch left you less than satisfied, you might be glad to discover that HTC is very possibly working on its own piece of wearable tech, complete with a camera and running on some form of Googleâs Android OS. Peter Chou and Cher Wang, HTCâs chief executive officer and chairman sat for an interview with the Financial Times last week to discuss a hypothetical HTC Smartwatch, among other things, which may or may not currently be in the companyâs production pipeline.â[Wearable tech] matches what we do today as a mobile experience overall. That is one area we are excited about,â Chou said. âIt has to meet a need, otherwise if itâs just a gimmick or concept, itâs not for peopleâs day-to-day lives⦠People laughed at us when we came out with the first smartphoneâ.â.â.âNow everyone has a smartphone. Iâm pretty sure wearables will be the same, but donât judge from what is in the market [now].â Although it is one of the smaller players in the mobile world, HTC has a reputation for high quality hardware and creative, guerilla marketing campaigns. At the New York City launch of Samsungâs plastic Galaxy S4, HTC reps were on hand, trolling the crowd with live versions of the then-unreleased HTC One, which featured a âseamlessâ aluminum unibody casing, high-resolution âUltrapixelâ camera and dual speaker bars at top and bottom. While the HTC One continues to sell well and has helped the company recapture a sizeable portion of the high-end mobile market, firms like Samsung still drastically outspend HTC in advertising dollars. HTC has released special versions of its flagship phone and even signed on Robert Downey Jr. to help promote the product, but despite the phoneâs relative success, HTC itself is operating at a loss. The recent acquisition of Nokia by Microsoft is also a bad omen for the company, posing the risk of another marketing giant that can overshadow HTCâs technological innovations with big ad campaigns. HTC is well aware of its strengths and weaknesses in the battle for market share, and the company has no plans to compete by matching ad dollar for ad dollar. According to Chou, the market is big, while HTC is small, and it isnât necessary for the company to âbeat the other guy who has a 50 percent market share.âInstead, Wang says the company will continue doing what it does best: innovate, and not just on Smartwatches.âWhen the [HTC] tablet comes out it will be something nice and disruptive,â Wang said. âThere are a lot of devices to innovateâ.â.â.âUbiquitous intelligence is not just wearables.â