Samsung Is Working on a Wristwatch of Its Own

Rumors around an Apple wristwatch have been making rounds on the internet lately, but there's another major player who'd like to get in on the smartwatch craze — Samsung

“We are working very hard to get ready for it. We are preparing products for the future, and the watch is definitely one of them,” said executive VP of Samsung’s mobile business, Lee Young-hee, during an interview in Seoul.

Lee gave no details about the features of the watch or its price, merely saying that the company has been "preparing the watch product for so long."

Samsung's admission comes after months of rumors about an Apple wristwatch, followed by the unearthing of patents for a wearable accessory device