By Brett Molina
It appears the next frontier for technology companies is the wristwatch.
Bloomberg reportsSamsung is the latest tech titan venturing into the wearable gadget space, developing a watch that could perform functions of a smartphone.
"We are working very hard to get ready for it," says Lee Young Hee, executive vice president of the company's mobile unit, in the Bloomberg piece. "We are preparing products for the future, and the watch is definitely one of them."
Hee did not provide specifics on the watch, or a potential release date and price.
Get ready to hear a lot about smartwatches in the near future. They've become this year's hot gadget after rolling out in big numbers at January's Consumer Electronics Show in Las Vegas.Most notable is the Pebble, which works on both Android and iOS phones. The watch lets users answer calls, check messages or receive status updates from their smartphone.
Sony hopped aboard the smartwatch bandwagon early,with a device that launched last year. Like the Pebble, Sony's watch answers calls, checks Facebook and Twitter updates and plays music from an Android smartphone.
Meanwhile,several reports have surfacedthat Apple is developing its own smartwatch, which would run on their iOS mobile operating system, the same that powers the iPhone and iPad.