Samsung confirms smartwatch in development to take on unannounced Apple ‘iWatch’

Samsung Smartwatch Confirmed
It’s not every day an executive at a major public technology company will go on record and confirm an unannounced product, but Samsung’s (005930) mobile boss seemed happy to be the exception to the rule on Tuesday. Speaking with Bloomberg, executive vice president of Samsung’s mobile business Lee Young Hee confirmed that Samsung is developing a smartwatch to take on the unannounced “iWatch” that Apple (AAPL) is reportedly developing.

Continue reading…