Apple's Watch is designed to be both fashionable and functional.
Cisco And Apple Reach iPhone Trademark Agreement
Under the agreement, both companies are free to use the iPhone trademark on their products throughout the world. Both companies acknowledge the trademark ownership rights that have been granted, and each side will dismiss any pending actions regarding the trademark. In addition, Cisco and Apple will explore opportunities for interoperability in the areas of security, and consumer and enterprise communications.
Other terms of the agreement remain confidential. Cisco launched their brand of "iPhone" VOIP handsets in December, and has held the US trademark for the "iPhone," whereas Apple has the mark in other countries.