Watch out: Apple working on new shiny thing – the iWatch

Not content with the iPhone and iPad, Apple is now developing a feature-packed watch.

According to The New York Times, people "familiar" with Apple have said that the Cupertino based company is working on a wristwatch-like device. Made from curved glass, the watch will use Apple's iOS operating system.

Speculation is now rife as to Apple's plans, but the company refused to comment on the rumours. Similarly, manufacturing city-state Foxconn declined to comment on rumours that it was being tasked with putting together the new shiny Apple things.

The rumours are further fuelled by yet more rumours of a new 1.5inch device that Apple is reported to be plotting.

Tenuous as such stories sound, reports originating from China in late 2012 said that Apple was working on an Intel-powered Bluetooth enabled gadget controlled by its voice-operating assistant, Siri.

Apple's apparent move into wearable technology doesn't set it out as a trailblazer. So-called 'smart' watches are already available; earlier this year Italian company I'm Watch unveiled its own app-laden wrist piece.