By Haydn Shaughnessy, Contributor

News overnight that Samsung has an active smartphone wrist watch program will have surprised even close observers of the Korean electronics giant. Whereas Apple is tight-lipped about the iWatch, relying on leaks about its 100 strong developer team to excite and solidify interest, Samsung fronted up in an interview with Bloomberg in Seoul. “We’ve been preparing the watch product for so long,” Lee Young Hee, executive vice president of Samsung’s mobile business, said during an interview in Seoul. “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. Samsung’s innovation strategy is developed enough to give engineers plenty of bench time (not quite Google’s more formal 20%), it is still a surprise to hear that the watch is on Samsung’s  roadmap. Interestingly, initial reaction to the Samsung interview is that it brings competition to the unlaunched iWatch not to the more visible Google Glass (excuse the pun). …read more
Source: FULL ARTICLE at Forbes Latest