Bloomberg reports that Samsung has confirmed last month's rumors that it is working on a smart watch. With rumors of Apple working on its own "iWatch" project for launch as soon as later this year, it appears that the two rivals will be be going head-to-head yet again as the battle over mobile devices widens.“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 defini
