Could Apple's largest contract manufacturer also become a competitor? Foxconn's parent company, Hon Hai, unveiled a smartwatch that connects to your iPhone, displaying phone calls and Facebook messages. The news comes as the Taiwan-based assembler of iPhones seeks ways to diversify income as the industry undergoes some uncertain times.
The watch, unveiled by Hon Hai Chairman Terry Gou Wednesday, appears to compete against the iWatch, a rumored device that Apple may introduce. Despite not being an actual iWatch, Foxconn reportedly received 1,000 orders for its product...