I don't see how a watch would even be able to run apps.
If such a thing were real, I would bet that:
1. It would be an accessory, rather than a standalone device (i.e. would require a smartphone, tablet, or PC to set up, sync data, and use).
2. It would have an important "lifelogging" component, like the Nike Fuelband+, the FitBit, or the Jawbone Up.
3. It would run only in-house "apps," much like the iPod nano.
Regarding this:
Quote:
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Chinese online sites have reported the computer giant is working with chipmaker Intel on a wrist-worn gadget that has a 1.5inch screen and uses Bluetooth to communicate with other gadgets, which could include an iPhone.
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Apple does not work with other companies on products. If you were looking for a red flag concerning the validity of this rumour, there it is.