[iMore.com]

New rumors of the iWatch suggest that Apple's once rumored smartwatch may not be built by Apple itself, but through established watch brands like Swatch and Timex. While earlier rumors posited that the iWatch would be an actual Apple-made product, much in the same manner that the iPhone is Apple's smartphone, the latest round of rumors may indicate that Apple may be creating a smartwatch platform, and if true this mean that Apple could give Android Wear some serious competition.

Full story from the iMore Blog...