Is Apple Close to Making An iWatch?

Apple (NASDAQ:AAPL) is said to be experimenting with a wristwatch-like smart device made of curved glass in its research and development labs and has even discussed it with its main manufacturing partner, Hon Hai Precision Industry. The device, straight from science fiction movies, would operate on Apple’s iOS platform, according to The New York Times.  

With wearable technology a definite trend of the near future, several analysts have spoken of the possibility of Apple launching such a device soon. According to Piper Jaffray’s Gene Munster, a wearable computer that is cheaper than an iPhone and can make voice calls, send text messages, do quick searches, and assist in navigation could be Apple’s “best answer to addressing emerging markets.”

The last version of the iPod Nano, with its 1.5-inch display, was turned into a watch by several users, with even Apple Stores selling watch bands that turned the music player into a wearable accessory. The newest version of the music player fails to serve the same purpose because of its larger size.

According to The Wall Street Journal, the Taiwan-based Hon Hai has already been working to address the challenges of making displays more power-efficient and working with chip manufacturers to strip down their products.