Apple Said To Have Team Developing Wristwatch Computer

• Apple Inc.has a team set up to develop a wristwatch device that has some of the same capabilities as an iPhone and iPad. 
• Want to produce a new product to raise falling margins and to pass over some of their competition, such as Samsung Electrics Co.
• Need to create a way to better manage battery power so the device doesn't have to be recharged everyday.
• Hon Hai Precision Industry Co., the company that made the iPhone for Apple, invested in start up WIMM Labs that are designing a watch with a screen, Wi-Fi, and Bluetooth.   

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Here's a picture of what the iWatch is thought to look like what it is ready for consumers.