Xiaomi working on a new smartwatch to compete with Apple Watch: Report

Xiaomi, who recently launched the Redmi 2 and MiPad in India, is said to be working on a new smartwatch to compete with the Apple Watch. The company didn't announce its affordable Mi Band in India, but is now said to be working on its successor.A Chinese website 36Krypton reports that Xiaomi plans a new smartwatch with a large round dial and pulse measure feature. This means, unlike Apple Watch, it will feature a round Moto 360-like design. However, it is expected to come with premium materials and brushed metal design. There is no word on whether it will run Android Wear, and also the feature that will make it compete with the Apple Watch.Late last year, without putting out an official word on a new smartwatch, Hugo Barra had said he wants consumer feedback on what they would want to see in a smartwatch, if the company was to build one. Based on suggestions, Xiaomi can consider building a smartwatch for their fans which could be affordable as well.This won't be the company’s first wearable device. Xiaomi has already been selling the Mi Band, a fitness band for a while now. Just like most of the fitness trackers in the market, the water-resistant wearable tracks user movements and also sleeping patterns. Another interesting feature is its ability to unlock a device.