Apple's Watch is designed to be both fashionable and functional.
Apple and Samsung Trying to Find 'Common Ground' in Efforts to End Patent War
Another source also claimed that Apple would like to keep Samsung as one of its main parts suppliers, with the report referencing the long-rumored iWatch:
"As technology shifts toward wearable devices, Apple still wants to keep Samsung as its top-tier parts sourcing channel," another source said.In the past two years, Apple and Samsung have been in two trials over the issue of patent infringement. The first trial in 2012 awarded Apple more than $1 billion in damages, however a damages retrial last November brought that amount down to $290 million. Meanwhile, the second trial wrapped up last month and found both companies guilty, although Samsung was ordered to pay $119.6 million while Apple was to pay just $158,400. Samsung has since filed an appeal to challenge the second verdict.
"The recent release of the Samsung OLED tablet is an indication that Samsung can manage OLED displays to be used in almost all wearable devices, a segment that Apple is greatly interested in."
Last week, both companies also agreed to drop their cross-appeal rulings on an ITC ban for older Samsung products, which focused on patent 7,789,697, and dealt with the concept of accessories being recognized when they plug in to devices.
Apple CEO Tim Cook and Samsung Electronics CEO Oh-Hyun Kwon also reportedly attending a mediation session earlier this year, however both parties failed to reach an agreement in their ongoing legal battle. While a new agreement would take some time to reach, a move to end the ongoing legal battle would prove to be very beneficial for both Apple and Samsung.