Business and finance 15 July 2013 iWatch: Apple’s first true foray into wearable tech You have to say the odds are stacked against them though. Sign UpGet the New Statesman's Morning Call email. Sign-up Reports from Silicon Valley suggest Apple is currently recruiting heavily in its iWatch wrist computer division, in the hope of ironing out design problems the team is currently grappling with. Insiders at its Cupertino headquarters suggest the hiring spree has been sparked amid concerns the new tech will not be ready until the end of 2014. Apple’s first true foray into wearable technology, chief executive Tim Cook said in June that this market segment was "ripe for exploration" and "incredibly interesting". Although not yet officially announced, industry insiders agree a new smartwatch is the most likely piece of kit under development; with Apple has already making several applications to trademark "iWatch". Mr Cook hinted at its existence in April, saying: "Our teams are hard at work on some amazing new hardware, software and services that we can't wait to introduce this fall and throughout 2014." With Apple clearly investing heavily in the iWatch, you have to wonder whether the company is backing the wrong horse. Industry analysts have long been predicting the explosion of wearable tech, but its growth has so far been meagre at best. Critical consensus hasn’t yet been reached either, with Google Glass generating a lot of column inches but also polarising opinion. Reviews have praised its inituitive hands-free interface in the same breath as pouring scorn on the potential privacy problems associated with the glasses-mounted camera, which makes it difficult for others to tell if you are recording them or not. It remains to be seen if the iWatch will encounter such a reception upon its release, but at this stage at least, you have to say the odds are stacked against Apple. One of the biggest advantages of Google Glass is that it frees up your hands to do other things, while still allowing you to make use of the technology’s features, as Google has made very clear in its promotional material. I doubt many people will rush out to buy the glasses because they allow you to record your skydive hands-free, but Google is clearly showing us what the future possibilities of the wearable tech market are. In the case of the iWatch, it is hard to see how this could be made to be hands-free, so this advantage is immediately wiped out, meaning its other features will have to be especially enticing for it to succeed. Still, if anyone can take a nascent market segment and really make it a success, it’s Apple. The iPod, iPhone and iPad were not the first MP3 player, smartphone or tablet to be released, but their huge success shows just what a difference a compelling product and some canny marketing can make. The iPhone has now sold in excess of 250m units. However, success isn’t always guaranteed even when it comes to this tech giant’s products; Apple TV anyone? Lauded as the future of television when launched in March 2007, the digital media receiver has never really caught the public’s imagination despite a redesign in 2010 and again in 2012. The difference between success and failure of the iWatch could rest heavily on Apple latest recruits. › Grant Holt, football fandom and me Reports from Silicon Valley suggest Apple is currently recruiting heavily in its iWatch wrist computer division. Photograph: Getty Images Mark Brierley is a group editor at Global Trade Media Subscribe For daily analysis & more political coverage from Westminster and beyond subscribe for just £1 per month!