Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) will apparently launch its smartwatch next year in the third quarter under its own brand name. The product would be a Nokia product, as the Finnish phone maker is selling only its handset division to Microsoft Corporation (NASDAQ:MSFT).Nokia

Nokia may use Morph technology

It’s been reported that Axel Meyer and Peter Skillman would supervise the development of the product. The device would be embedded with a host of features that previously debuted on Nokia devices. The picture of the alleged device has been making the rounds on the web for a long while, but for the first time a definite release date is being bandied about.

The smartwatch from Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) would feature Morph technology, which according to the company consists of “nanoscale technologies that will potentially create a world of radically different devices that open up an entirely new spectrum of possibilities”. The morph technology first surfaced in the year 2008 and was displayed at the Museum of Modern Arts. The Lumia maker filed for a patent on this technology and it may power its smartwatch with it.

A video on YouTube reveals that the user would be able to regulate devices with Kinetic technology by bending, twisting and even squeezing it. If the rumors turn out to be true then the smartwatch from Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) would likely be worth owning, but nothing has been confirmed yet.

Google also in line

A couple of months back, there was news that Google Inc (NASDAQ:GOOG) was also preparing to launch its own smartwatch and the company had entered into the last phase of development. Google would power its smartwatch with Android, and Google Now would be used to communicate with smartphones. Through the smartwatch, users could communicate with other devices such as smartphone and get information such as email. Google might start the production of these smartwatches on a mass level within months, according to a source familiar with the development.

Electronic major Samsung also launched a smartwatch, but it was crippled with some limitations along with a high price. The players now have an example before them, and will now focus on eradicating two major drawbacks of a smartwatch: usefulness and battery life. According to the analysts, new features and improved developments would bring smartwatches in the mainstream.