According to people with inside knowledge of Apple's plans, the iWatch is a very real thing and has a development team of 100 people working on it as we speak.
The Wall Street Journal and New York Times recently leaked some rumors about a new Apple product, the iWatch. The iWatch, which we have now seen a few pictures of, is a wrist-wearable iOS device, and according to two people "familiar with [Apple's] plans", there's a 100 person strong development team working on it right now. It's thus very likely that Apple is far past experimenting with technology, and actually moving this product somewhere close to the production phase.
The two people, who remain anonymous, were quoted explaining that "the team, which has grown in the past year, includes managers, members of the marketing group, and software and hardware engineers who previously worked on the iPhone and iPad".
The iWatch. Timeless.
The reveal certainly comes at a good time for Apple's CEO Tim Cook, who has been under pressure to demonstrate that Apple still innovates. The wearable device is currently swimming in rumors, including suggestions that it can link up to and access some of the features of the user's iPhone. Furthermore, the New York Times, citing "people familiar with the company’s explorations" offered the possibility of the device using Willow Glass, the new flexible glass technology that could allow the iWatch to have a curved screen.
Is wearable electronics becoming a thing now? It seems Google's Project Glass might have some interesting competition.