Just like Apple, Samsung is working on a smart wristwatch that it hopes to begin selling as soon as possible.
“We’ve been preparing the watch product for so long,” Lee Young Hee, Samsung's executive vice president of mobile business, told Bloomberg. “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.”
The South Korean tech company did not delve into the details of what features the watch would have, how much it might cost or when consumers would be able to pick it up.
News of Samsung's wristwatch plans come after numerous reports have said Apple is building a wristwatch and getting into the wearable tech market. Reports have said the Cupertino tech company has as many as 100 people working on the project and that it hopes to begin selling the device this year.