Omate Jelly Bean smartwatch powered by dual-core ARM SoC

The Omate TrueSmart smartwatch – which runs Android 4.2 Jelly Bean – is powered by a dual-core ARM Cortex-A7 SoC paired with 512MB of RAM and 4GB of storage.

Additional specs? A 1.5 inch, 240 x 240 pixel AMOLED display, wrist strap, WiFi, GPS, FM radio tuner, a microSD card slot for extra storage, an accelerometer and magnetometer.

As Liliputing’s Brad Linder notes, the Omate TrueSmart smartwatch is still in the concept phase – pending funding before it can be successfully be brought to market.

“You can snap photos by pointing your wrist at the subject of your photographic experiments thanks to the 5MP camera with auto-focus built into the side of of the watch, [while] the rear panel can be opened up to let you replace the battery,” Linder writes.”Powered by a 1 GHz MediaTek MT6572 processor, the TrueSmart won’t exactly be a speed demon. But it’s one of the most phone-like watch concepts I’ve seen.”

If the TrueSmart does manage to hit the streets, it will find itself in a rather crowded space, as a number of industry heavyweights, include Apple, Google and Microsoft, are reportedly working on their own smartwatch designs.

And why not? According to researchers at Canalys, increased interest is set to grow the smart watch segment by a staggering factor of ten. Skeptical? Well, the research firm believes at least five million smart watch units will be shipped in 2014. This would be more than 15 times the 330,000 units shipped in 2012, and 10 times the 500,000 expected to ship in 2013.