“Apple Inc. is experimenting with designs for a watch-like device that would perform some functions of a smartphone, according to people briefed on the effort,” Jessica E. Lessin reports for The Wall Street Journal. “The company has discussed such a device with its major manufacturing partner Hon Hai Precision Industry Co., one of these people said, as part of explorations of potentially large product categories beyond the smartphone and tablet.”

“Capabilities that Apple is exploring for wearable devices remain unclear. But analysts and investors who have been tracking the field predict the company would release a product with many different functions and that the device would work closely with the iPhone,” Lessin reports. “Apple has been exploring the area for some time, according to the people briefed on the effort, and has hired employees with backgrounds in sensors and related technologies in recent years.”

Lessin reports, “Devices worn on the wrist are one hot area, with companies like Jawbone Inc. and Nike Inc. NKE +0.97% selling activity-monitoring models.”

Read more in the full article here.

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