79 patents that include the word "wrist". A recently discovered patent application revealed that Apple has considered building some type of device for the wrist that uses a flexible screen, powered by solar and kinetic energy.
This isn't the first time that a tech company tried to get into the watch business. In 2003, Microsoft teamed with watchmakers Citizen Watch Co. and Fossil to build a watch that would deliver sports scores, weather and traffic reports. By 2008, the team had dissolved. But now, the watch business is booming with companies like Fossil and Movado Group Inc enjoying margins in excess of 55% That makes it a perfect time for Apple to show that it still knows a thing or two about innovation.
While an iWatch might sound like a great idea for Apple, there is a device that could offer competition even if it is not another watch. Google has Google Glass that will apparently hit the market by the end of this year although there is no indication that the two are mutually exclusive of each other.