You know that old Chinese curse, right? "May you live in interesting times." It's in full swing over the mobile computing market right now.

Rumor has it that Apple is working up a watch-like gadget for the post-smartphone era. Not to be outdone, Samsung flat-out confirmed that it has a smart watch on tap.

Lee Young Hee, who spearheads the Korean company's mobile division, didn't mince words in a Bloomberg interview.


"Weave been preparing the watch product for so long," he said. "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."

Alleged screenshots from the as-yet-unannounced Samsung Galaxy Altius watch, courtesy of Slashgear.

No ifs, ands, or buts: Samsung is definitely preparing this thing.

All right. So I guess a new class of digital watches will be cool again, like the calculator-equipped armband clocks of the early 1980s. ( I thought they were cool when I was eight, OK? Mine played "Rondo Alla Turca"!)

Why dump another gadget style on consumers just as smartphones and tablets are becoming ubiquitous? Well, you can't stop the wheels of progress and something must eventually replace the common smartphone. The market is maturing fast and will most certainly be saturated in just a few years. Just as camera-equipped feature phones replaced basic call-making handsets and smartphones replaced feature phones, this too shall pass. So why not a wristwatch?

These things will perform many of the same tasks as a regular iPhone or Samsung Galaxy handset do today, except on a smaller screen that's more accessible. With a portable computer attached to your wrist, we won't need to dig through pockets and purses anymore. Glancing down at your watch can be more convenient and less rude to bystanders than pulling out and unlocking your phone.

It's also different from Google 's digital spectacles, branded Google Glass. That might become the first mainstream wearable computing platform (some people are always way ahead of the rest of us), and then the watches come in to grab market share. Or maybe people will start wearing advanced watches and glasses on a regular basis, complementing each other.

And in the background, post-PC gear starts to fade as these newfangled alternatives take over. Who will rule the next generation?

Interesting times, indeed.

There's no doubt that Apple is at the center of technology's largest revolution ever, and that longtime shareholders have been handsomely rewarded with over 1,000% gains. However, there is a debate raging as to whether Apple remains a buy. Eric Bleeker, The Motley Fool's senior technology analyst and managing bureau chief, is prepared to fill you in on both reasons to buy and sell Apple and the opportunities left for the company (and your portfolio) going forward. To get instant access to his latest thinking on Apple, simply click here now.

The article Rumor Me This: Samsung's Smart Watch Is Real originally appeared on Fool.com.

Fool contributor Anders Bylund owns shares of Google, but he holds no other position in any company mentioned. Check out Anders' bio and holdings or follow him on Twitter and Google+. The Motley Fool owns shares of Apple and Google. Motley Fool newsletter services have recommended buying shares of Apple and Google, and have recommended creating a covered bull call spread position in Apple. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

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