Rumours of an Apple “iWatch” have been circling the internet over the past few months, but another large company wants to get in on the Smartwatch market – Samsung.

“We are working very hard to get ready for it. We are preparing products for the future, and the watch is definitely one of them,” – Lee Young-hee, Samsung’s executive VP of Samsung’s mobile business.

Lee Young-hee gave no information regarding the price, release date or product information. He simply said that the company has been “preparing the watch product for so long.”

This information has come after months of “iWatch” rumours and numerous patents for wearable accessory.

No information has been announced regarding Apple’s Smartwatch, but we now have two “upcoming” watches to wait for.

What killer feature do you want either Apple’s or Samsung’s Smartwatch to have? Post in the comments below!

(Source: Mashable)