Apple-storeWherever Apple Inc. (NASDAQ: AAPL) goes, Samsung is never far behind it.

The South Korean company said it will build and market a smartwatch, just as Apple is rumored to be doing. Among a heightened competition, the launches are likely to cause another round of intellectual property and patent challenges in courts around the world. These kinds of fights already are well along as Samsung has challenged both the iPhone and the iPad.

According to Bloomberg:

"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 definitely one of them."

Filed under: 24/7 Wall St. Wire, Consumer Electronics, Technology Companies Tagged: AAPL

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