It would not be out of reach for a company to fund research on a concept device with no real intent upon ever developing it. The iWatch has been rumored to be on the horizon for a couple of years. The issue with the iWatch concept, however, is the same as that with Google Glass, it isn't showing marketability.
Apple openly accused the Chinese technology giant of stealing research and design secrets from Apple to produce the Samsung Galaxy 5 iPhone. If they suspect Samsung of these shady practices it would be a crafty endeavor to front a fabled Apple iWatch research and development project specifically for the benefit of potential spies within their inner sanctum.
Apple is not violating any laws by admitting to the possibility of a future Apple iWatch when asked by about it, although Apple market shares bump slightly when CEO Tim Cook nodded that the concept was interesting and possible. And if Samsung happened to have gone ahead and pushed their own version of the iWatch to their peril it would certainly be unfortunate it they took a substantial loss when it doesn't sell.
The concept of the iWatch is the same as for Google Glass. It still requires refining in the designing. It is simply too bulky to fit comfortably on the arm and although the novelty of the iWatch is marketable the realistic viability of it is not.
Samsung announced the launch of their Smart Watch to arrive September 4th. No matter what behind the scenes subterfuge may be at play, its in Apple's favor to allow Samsung to test the waters with their own money before releasing a newer streamlined and more marketable version of its own later.
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Previously Posted on FullofKnowlege.com
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