According to Reuters, Samsung Electronics Co is developing a wearable digital device similar to a wristwatch, a source with direct knowledge of the matter said, joining rival Apple Inc in creating new products as growth of smartphone sales slows. The new wristwatch should perform some of the same tasks as a smartphone. “We’ve been preparing the watch product for so long,” Lee Young Hee, executive vice president of Samsung’s mobile business, told Bloomberg News. “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.”
