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November 26, 2013 AT 3:17 AM
ZTE appears to be looking to drop the price of smartwatches by making its own low-cost version of the wearable gadget. The Chinese tech company plans to unveil a smartwatch in the beginning of next year, according to The Wall Street Journal . This gadget will be similar to other devices already on the market, like Samsung's Galaxy Gear , but will be designed for a more money-conscious crowd. Those smartwatches' already on the market cost anywhere from $150 to $350.