This confirms rumors that an LG-built smartwatch would be announced and released sometime around Google I/O, which would be at the end of the next quarter (it runs from April through June). LG is calling the device the "G Watch", which shows that the device will be carrying LG branding and not Google branding, but it does sound like it will have some of the ethos of the Nexus line behind it. President and CEO of LG, Dr. Jong-seok Park said about the device:
According to the announcement, LG wants the G Watch to be a "low barrier to entry" for developers, which is a hallmark of the Nexus line of devices. But, LG also wants it to be a device that will appeal to consumers. No specs have been announced, but if this is the same watch that has been rumored, it is said to have a 1.65-inch display and 4GB of storage.