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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

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Microsoft plans to launch smartwatch within weeks: Forbes

Reuters
A employee stands in the Microsoft booth during the 2014 Computex exhibition at the TWTC Nangang exhibition hall in Taipei June 3, 2014. REUTERS/Pichi Chuang

NEW YORK (Reuters) - Microsoft Corp. (NasdaqGS:MSFT - News) is preparing to launch a smartwatch within the next few weeks that will passively track a user's heart rate and work across different mobile platforms, Forbes reported on Sunday.

The wearable gadget's battery life will exceed two days of regular use, Forbes reported, citing unnamed sources close to the project. It will arrive in stores soon after being unveiled in an effort to capture the holiday season, Forbes reported.

Microsoft declined to comment.

Apple Inc (NasdaqGS:AAPL - News) unveiled a smartwatch on Sept. 9 that will combine health and fitness tracking with communications and will go on sale in early 2015, while Samsung Electronics Co (KSE:005930.KS - News) unveiled its Galaxy Gear smartwatch in September 2013.

(Reporting by Sam Forgione, additional reporting by Bill Rigby; Editing by Nick Zieminski)