Make no mistake, Apple has evaluated, designed, and strongly considered variations of a smart watch, but the tech media is blowing up with absolute certainty that “the iWatch” will be released. It won’t. The is no iWatch. I’m not saying it will never be released, but not in 2014, and likely not for at least a handful of years after that, if ever.
Apple is going to build and create the infrastructure and foundation for other companies to create the actual wearable.
Much like CarPlay, Apple won’t make the car but they will make the base software that allows the technology – whether it be health, fitness or “fun” related – to be installed on the third party device.