Samsung Preparing Wristwatch as It Races Apple for Sales

“We’ve been preparing the watch product for so long,” Lee Young Hee, executive vice president of Samsung’s mobile business, said during an interview in Seoul. “We are working very hard to get ready for it. We are preparing products for the future, and the watch is definitely one of them.”
Lee had no comment on what features the watch may have, how much it would cost and when it would go on sale.

Sounds like a lot of preparation.