Rumors

The Redmond giant is looking to make a smart watch that would feature a number of biometric sensors, providing users with various health and fitness data.

According to the Telegraph.co.uk, six prominent experts in biomedicine will be moving to Cupertino, California for their iWatch gig.

Wello was launched in mid-2012 and has since extended its product lineup from one-on-one video chat to include group training sessions and monthly memberships.

A note to investors from Cowen & Company suggests that some sort of insurance subsidization model could be introduced for the upcoming iWatch.

Nike did layoff some workers in the FuelBand division, but only a small number of employees. So it's not like they're dumping the plans for smart wearables.

The application will have a Passbook-like user interface, featuring a number of categories, which will be presented in the form of differently colored cards.

This device won't have a screen of its own, and you'll rather have to look at your smartphone to get any meaningful data.

The device's filling with the FCC isn't too revealing, but chances are it will be similar to Sammy's earlier, though not that popular, S-Band.

The device will apparently include all the usual sensors to allow sleep tracking and health checkup functionalities.

The information comes on the heels of earlier rumors that speculated Apple will indeed enter the healthcare market later this year.