Apple has not announced an iWatch, as many folks hoped it would, and that didn't bother Foxconn. The company that manufactures most of Apple's iPhones and iPads has made its own iPhone-compatible smartwatch, which it showed off earlier this week. The watch looks relatively simple, but it can check your pulse and respiration, as well as interact with Facebook and Messages, all while your phone is still in your pocket.
There's no information about a launch just yet, but this basically sounds like a proof of concept, a sign that Foxconn is ready to create a device for the quickly growing wearable market. Apple hasn't announced anything yet (and may not ever), but given the rise of Google Glass and other iPhone-compatible wearable electronics, there's certainly a growing expectation that the biggest mobile device manufacturer in the world will eventually step into the wearable market.