"We've been preparing the watch product for so long," Lee Young Hee, executive vice president of Samsung's mobile business, said during an interview with Bloomberg in Seoul. "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."
Lee offered no specifics when it came to features, price, or target release date. The South Korean electronics giant already has a pretty active product release calendar scheduled for 2013, with three high-end smartphones expected to ratchet up its competition with rival Apple.