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After all of the rumors and speculating, Apple has announced their smart watch that the company hopes will be their next billion dollar line of the business like the iPad and the iPhone



From Neowin:
Tim Cook said that they did not intend to take the iPhone and slap it on your wrist, a subtle jab at Android smart watches.

The rotary dial on the side of the device plays a key part and acts like a multifunction input mechanism. By spinning it, you can zoom in on a map, or if it is a chat app, you can scroll down the page. The spin mechanism is app dependent, Apple says it is an entirely new way of navigating any OS.
  Apple has announced its smart watch, the Apple Watch