Apple may have bit off more than it could chew with making the iWatch. According to reports, the company has been on a hiring spree for new talent that could help with some of the difficulties that have arisen in development.
An unnamed source in the report says that Apple has been aggressively hiring for weeks now, so new employees can check out the "hard engineering problems that they've not been able to solve." Yet, this means that competitors like Pebble and Sony may enjoy another year lead on Apple's device, since this news may point to the iWatch's release being pushed back to late 2014. The iWatch will be Apple's first new device since the death of Steve Jobs; to say there's pressure on Tim Cook and the company to make it the best it can be would be an understatement.
Of course, Apple hasn't offcially announced the project, so if all goes wrong behind closed doors, they can still scrap the experiment and leave with their hands clean.