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Samsung confirms it is 'investing heavily' in wearable computers to take on Google Glass and Apple's rumoured iWatch

Samsung's bosses recently admitted the firm was developing a smartwatch and putting it on sale before Apple's iWatch would be key to its success.

Samsung said it is working on wearable computers but did not confirm the existence of its rumoured watch

Apple and Samsung are believed to be preparing products to go on sale within months

Watches will link to an owner's mobile phone and offer email and app downloads

‘It will monitor your health, connect to the cloud, identify you, pay for things and replace credit cards.’

The firm is currently believed to be developing a range of wearable computers, including a watch.

‘In three or four years, the number of people wearing computers will increase dramatically,’ Mr Sogn said.

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