We’ve been preparing the watch product for so long: Samsung

Samsung has confirmed that it is indeed working on a smart watch device. Although, we have been hearing the rumours about Samsung smart watch for some time now, this is the first official confirmation.

“We’ve been preparing the watch product for so long. 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, executive vice president of Samsung’s mobile business, told Bloomberg.

He did not share any specific detail about this watch, but we have already seen some alleged screenshots of this watch in the past.

This revelation is particularly interesting in the wake of Apple smart watch rumours, which is reportedly being prepared by a team of over 100 engineers.  There is no word on release of either Apple iWatch or Samsung’s smart watch.

The global watch industry, which is expected to see $60 billion in sales this year, is new frontier for global technology giants as they look for new product lines.

“The issue here is who will first commercialize it so consumers can use it meaningfully,” Samsung’s Lee added.

As per the previous reports, Samsung’s smart watch will be dubbed as Galaxy Altius and run on modified version of Android. The watch will feature music play, clock and email apps among others.

This is not the first time Samsung is working on watches, company had earlier launched a watch phone in 1999, followed by a touch screen watch that came with Bluetooth support and Outlook email syncing.