According to a news paper article of the Financial Times Apple concentrates its man power on developing the new iwatch. This smart watch is subject of speculations for many months. Recently Apple protected the name “iWatch” in several countries. Bloomberg already informed in February 2013 that Apple works with more than 100 persons on this new project.
In the article in the Financial Times the release date will not be before autumn 2014 due to “problems” which still have to be solved. The iWatch would be the first completely new introduced product since the death of Apple founder Steve jobs in autumn 2011. There are already some smart watches on the market, however, with very limited functionality. But the competitors are not asleep: according to news articles Google is working on a smart watch, too. And also Samsung has announced the development of a smart watch recently.