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Apple smartwatch could be 'beyond experimentation phase,' says Bloomberg

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apple watch ipod nano
apple watch ipod nano

Following reports on a possible Apple smartwatch by the Wall Street Journal and the New York Times, Bloomberg is the latest reputable source to weigh in with its own take. According to the new report, Apple has a team of around 100 people working on the smartwatch, and Bloomberg's sources say that the size of the team suggests the project is "beyond the experimentation phase."

Apple's senior director of engineering James Foster is said to be working on the smartwatch with others who contributed to previous iOS devices; two people told Bloomberg that the smartwatch "may perform some of the computing tasks now handled by the iPhone and iPad." Apple has reportedly worked on wearable fitness-tracking devices in the past, but decided against bringing them to market.