According to website Tech.163 the Apple brain trust are looking to develop an Apple smartwatch which would work with other iOS devices via bluetooth. According to the sources Tech.163 got in touch with the Apple smart watch will have a PMOLED display made by RiTDisplays with ITO-coated glass. This might be a good move on Apple’s part since they have’nt released a completely new device since the iPad. Tech.163 says Apple plans on launching the watch sometime in 2013. You know if Apple can make a smartwatch popular among consumers other companies will also jump in that market.