Bloomberg Says Apple Has Team of 100 Working On iWatch Design

Image Courtesy of SlashGear

Image Courtesy of SlashGear

The widely rumored watch-like device from Apple is the new hotness in the tech world these days. Only two days ago, the Wall Street Journal and the New York Times both reported that Apple is secretly working on a wearable mobile device, the former claiming that the iPad maker is using the flexible glass technology of Willow Glass to make a watch. The latter stating that Foxconn was in the process of developing a watch-like device. Today, Bloomberg is throwing its hat into the mix with claims that Apple has a team of more than 100 product designers working on a “wristwatch-like device that may perform some of the tasks now handled by the iPhone and iPad.”

According to two unnamed sources familiar with the issue, Apple has a large team of people, including “managers, members of the marketing group, and software and hardware engineers who previously worked on the iPhone and iPad” working on a design for the new device, dubbed the “iWatch.”

Apple has apparently been working on wearable computers for some time now. According to the source, Apple has worked on wearable devices for tracking fitness in the past, but has never followed through with a final product.

T. Rowe Price fund manager Josh Spencer told Bloomberg that investing in things like watches would be a good move on Apple’s part. “There’s more people that would wear an Apple watch than would wear Google glasses,” Spencer said.

Like the elusive Apple-built television set, the iWatch is just a myth right now. No one from Apple has announced anything official and, until that happens, all this talk is just a lot of rumors and speculation.

About Lory: Writer of all things app related, traveler of the space-time continuum, baker of really great cookies. Follow me @appaholik