Apple's iWatch is not actually an "iWatch" but a "wrap-around" iPad
AAPL is working on something more significant than just a iWatch per se (like Samsung's), but rather something that will be a "wraparound" soft-plexi that will be about half the 3/4 length of your forearm. It would be similar to an iPad that actually curves around your arm, and fits snugly, but not tightly. When you want to use it, you actually "unwrap" it from your forearm, and use like an iPad., Or you can leave it "wrapped" and use it. Blue tooth earphone optional.. Much of the innovation is going to be not in the functionality of the software, but in the functionality of the soft plexy. Appl will have the patent on the pliable plexy, which will, in itself, be a huge thing. Anyone ??