Apple and Google may have some competition soon, as Samsung has revealed that it is hoping to start sewing computers into clothing.
With Google coming out with Glass and Apple coming out with the iWatch (or so it is rumored), Samsung is playing catchup.
But they may not have to worry any longer, as they are "investing heavily" in wearable computers. They also said they are developing systems for stick on patches that monitor health.
"Eventually you won't even know you're wearing the device, it could be the fabric in your clothing, your glasses or your watch," Samsung's Chief Strategy Officer, Young Sogn, said.
"It will monitor your health, connect to the cloud, identify you, pay for things and replace credit cards. In three of four years, the number of people wearing computers will increase dramatically."
He thinks that by the year 2020, the technology will be available to all.
A recent trademark filing suggested Samsung's watch will be called "Gear."
"I think we're starting to see devices that people actually want to wear, and we've seen a dramatic shift in how much sensors cost," Jef Holove of Basis Point, a firm developing a computer watch, said.
Many experts believe Apple's iWatch and Samsung's Gear will be very similar, as both will link to mobile phones and offer similar functions like the ability to show emails and download mini apps.
"We've been preparing the watch product for so long," Lee Young Hee, Executive Vice President of Samsung's mobile business, said. "We are working very hard to get ready for it. We are preparing products for the future, and the watch is definitely one of them."
"The issue here is who will first commercialize it so consumers can use it meaningfully."