Rumors about an Apple Inc. (NASDAQ:AAPL) Smartwatch have been swirling around the internet pretty steadily for a year as the company looks to bring a new product to market. While Apple Inc. (NASDAQ:AAPL) has released a number of iterations of its existing products, not since the iPad’s introduction has Apple Inc. (NASDAQ:AAPL) brought something truly new to its customers.

apple foxconn smartwatch

Apple Supplier Debuts Its Own Smartwatch

Now, one of Apple Inc. (NASDAQ:AAPL)’s primary suppliers have seemingly beat them to the punch. The Taiwanese company Foxconn Technology Co., Ltd. (TPE:2354), or Hon Hai, debuted a smartwatch at its shareholders meeting yesterday according to Watch China Times. The watch allows wearers to connect to the iPhone with a wireless connection and view Facebook notifications and telephone calls.

Am I Still Alive? Smartwatch Tracks Vital Signs

Apparently, it’s too difficult for people to check their phones in order to see who is calling. In addition to these features, the watch will track the wearer’s respiration, heartbeat, and other vital signs.

Certainly, more features are on the horizon and Chairman Terry Gou said his company’s wireless and medical research divisions plans to add fingerprint identification to the device to further track the users medical information.

Over the last year, Foxconn Technology Co., Ltd. (TPE:2354) has seen a decline in revenue based on slowing Apple Inc. (NASDAQ:AAPL) sales and is clearly committed to bringing its own products to consumers rather than remaining chained to dwindling Apple Inc. (NASDAQ:AAPL) sales.