According to a report from Bloomberg Apple is currently seeking a trademark for “iWatch” in Japan.
It is no question that Apple isn’t having much luck when it comes to pleasing investors. Apple’s shares have retreated more than 40 percent from a record high in September. This stems from concern that Chief Executive Officer Tim Cook has taken too long to deliver a new breakthrough product to help make up for stiffer iPhone competition.
If the report is to be believed Apple submitted a filing with the Japan Patent Office seeking protection for the name “iWatch,” which is listed in a category for products such as a handheld computer or watch.
Apparently Apple has a team of about 100 product designers working on a wristwatch-like device that may perform some of the tasks now handled by the iPhone and iPad.
According to the analyst Tavis MacCourt from Raymond James & Associates Inc. “We can expect a full TV at Apple in the future, maybe a watch, and who knows what other future devices. New connected devices, whether they are TVs, cars or other devices are likely to be first adopted by high income consumers, over whom Apple dominates globally.”
Apple isn’t the only company looking into wearable computing of course. Samsung is also developing a wristwatch and even Google is rumored to be entering the market.