The Apple Watch will sell for $ 349 when it hits stores next year . Motorola 's Moto 360 goes for $ 249 and Samsung 's smartwatch , the Galaxy Gear , starts at $ 199 . Now , a Chinese company wants to sell you one for $ 7 . Fastfox , a technology startup , says keeping software simple and hardware minimal lets them offer a smart wristband starting at prices nowhere near their fancier counterparts in the growing wearable-tech space . The company has launched a campaign to release the watches on Australian crowdfunding site Pozible . They offered 100 of the wristbands at $ 7 . All of those have been snapped up , but donors can still get a black Fastfox watch for $ 8 . And for $ 9 , they can get a Fastfox in the color and design of their choice . The campaign 's highest donation level , $ 684 , gets you 100 of the smartbands in the colors of your choice . The campagin ends on Dec. 24 . As of Thursday it had raised more than $ 7,200 from 529 supporters . `` Smart wearables have the potential to be incredibly useful , especially in the data they can provide to people trying to forge healthy habits , '' Fastfox creator Liu Chao said in a news release . `` But the price is a big turn-off . '' Like some of its contemporaries , including the forthcoming Apple Watch , Fastfox 's limited array of apps are , indeed , heavily weighted toward health and fitness . `` This is new technology . Many people just want to give it a try with minimal risk , '' Liu said . `` We wanted to make Fastfox as affordable as buying a new workout t-shirt , and help people take the first step towards reaching their health goals . '' Fastfox 's native apps measure walking and running distances and record calorie intake . It synchs with an Apple or Android smartphone via Bluetooth and other features including lighting up if you miss a phone call , recording sleep data and hooking up with social media to let you share data with friends . Its makers say it is waterproof and that its battery can last between four and six months .
A crowdfunding campaign sold a smartwatch for just $ 7 . Fastfox is a Chinese brand . Makers say simple software and hardware let them get low .