HTC reportedly working on Android smartwatch for next year

HTC is planning a smartwatch for the second half of 2014, according to an anonymously sourced report from Bloomberg News. The product is said to have a camera and run Android, but other details such as pricing and functionality are yet to be ironed out. Companies such as Sony and Samsung have already produced smartwatches running Android, and Apple is rumored to be working on a similar product.

Earlier this week CEO Peter Chou and chairwoman Cher Wang alluded to HTC's intentions to enter the wearable technology market, calling it a "critical segment" for the company. "It's still too early," said Chou of current efforts in the space. "It has to meet a need, otherwise if it's just a gimmick or concept, it's not for people's day-to-day lives. That is an opportunity for us."