Maybe the competition got too hot, or maybe costs were simply too high, but no matter what the reason, word is HTC's smartwatch is no more.
The site's sources said the HTC smartwatch, which apparently won't be called the HTC One Wear, since it doesn't exist, is cancelled "for the time being," citing no one reason in particular.
However the sources said, "rising costs and a lack of wow factor" played a part in the One Wear's cancellation.
Dust in the watch
The HTC smartwatch rumors really began in earnest when the company itself said it was working on a wearable to be released in 2014.
Competition in the smartwatch arena is indeed heating up, with companies including Samsung, Motorola, LG, Asus, Sony, and others all trying their hands at building a wearable people actually want.