Apple (AAPL) is aggressively hiring workers and looking to "acqui-hire" startups for its iWatch...

|About: Apple Inc. (AAPL)|By:, SA News Editor

Apple (AAPL) is aggressively hiring workers and looking to "acqui-hire" startups for its iWatch design/engineering efforts, the FT reports. However, sources add the timing of the hires suggests the device won't be ready until 2H14. Many think the recent hiring of Yves Saint Laurent CEO Paul Deneve to work on "special projects" was at least partly made with the iWatch in mind. If/when it arrives, the product will target a $60B industry with an estimated 60% gross margin.