Apple iWatch: More Fact Than Fiction

NEW YORK (TheStreet) -- If Apple does indeed build an iWatch, a recent patent hints at possible iPhone integration. First spotted by AppleInsider, Apple was recently granted a patent by the U.S. Patent and Trademark Office for two-way communication of location data between a portable media device and an accessory. Here's a look at the original patent describing the technology. What's interesting about this patent is that it allows for media to be transferred between devices using GPS data with a separate accessory. It's also interesting to note that the patent shows that you don't need a GPS receiver to push location information to the device. Right now, Apple only builds iOS devices with GPS technology in them, but that could change in the future. ... Click to view a price quote on AAPL. Click to research the Computer Hardware industry.

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