Samsung filed a trademark for a Smartwatch named the Galaxy Gear. The device is capable of providing access to the Internet and for sending and receiving phone calls, electronic mails and messages.
The iWatch has been rumored for a long while now, but Apple started securing trademarks for the name in Japan, Mexico and other countries last month, even though it faces competition from others who already hold the mark in other key markets. Apple has been on boarding new staff to tackle the iWatch project, according to a recent report from the Financial Times, and plans to bring the device to store shelves sometime in 2014 if all goes as planned. This would ring true with Apple CEO Tim Cook’s repeated statements that Apple has a lot of “new products” in the works for the end of this year and throughout next.