There are rumours circulating that Apple and Intel are in the process of developing their first Smart Watch. Reportedly, the Smart Watch will be bluetooth enabled, featuring a 1.5-inch OLED display with indium tin oxide, ITO-coated glass, made by Taiwanese PMOLED panel manufacturer RiTdisplay and will work directly with the iPhone. At this point – we’ll need to just keep our ears glued for more info.