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Swatch Group denies working with Apple on smartwatch

Swatch Group denies working with Apple on smartwatch

Swiss watchmaker Swatch Group has denied a media report saying it was working with technology company Apple on a smartwatch, a wearable device with interactive functions.

Technology website VentureBeat said in a report on Wednesday Apple was working with "at least one partner, Swatch" on a smartwatch project, citing an unnamed source.

A spokeswoman for Swatch Group said on Thursday the report was unfounded. She said the only business relationship Swatch Group had with mobile phone makers was as a supplier of integrated circuits and other electronic components.

Signs are mounting that Apple, which landed huge successes with its iPhone mobile phones and iPad...

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