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Apple iWatch, Google Glass First Shots in New Clash of Tech Giants – Money Morning

Coming less than a year after Google unveiled its Google Glass Web-connected eyeglasses, reports that an Apple “iWatch” is in the works emphatically confirm that the battle is now joined for dominance over the next wave of tech – wearable computing.

According to the reports, Apple Inc. (Nasdaq: AAPL) has 100 people working on an iWatch users would wear on their wrists, but that would have many of the same capabilities as an iPhone.

But wearable computers could enable new uses, particularly in the area of healthcare, while perhaps providing the spark to encourage some promising technologies that have yet to catch on, like contactless payments.

Four of the biggest names in tech – Apple, Google Inc. (Nasdaq: GOOG), Sony Corp. (NYSE ADR: SNE) and Microsoft Corp. (Nasdaq: MSFT) – either are selling, have announced, or are known to be working on wearable computing ideas.

And two other big names, Amazon.com (Nasdaq: AMZN) and Facebook Inc. (Nasdaq: FB), are watching for opportunities to benefit from yet another major shift in how people interact with technology.

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