Motorola already has an Android powered watch product named MOTOACTV. Sony too has a product named SmartWatch.
And we have heard about the rumors of Apple developing a similar product likely to be named iWatch.
Samsung has now confirmed that they have been working on a smart watch for a while now and they expect to bring it to the market in the near future.
Industry analysts believe that both Apple and Samsung are working hard to ensure that they release their product first.
It would be essential to enter this emerging market faster so as to get the first movers advantage.
Motorola has not had much success with their MOTOACTV model which was marketed more as a fitness accessory.