Apple (AAPL) Receives Approval for Potential 'iWatch'-Related Patent

Apple, Inc. (Nasdaq: AAPL) was granted approval by the United States Patent and Trademark Office (USPTO) for its latest patent, which hints that the tech giant could be moving further into the wearables segment.

Abstract of the patent reads as follows:

In some implementations, optimizations for detecting steps when a pedometer is worn at a user's wrist are described. In some implementations, a threshold crossing step detection method can be enhanced for wrist locations by counting the number of positive peaks between comparison threshold crossings, adjusting a minimum peak-to-peak threshold for qualifying threshold crossings, and inferring a second step based on the amount of time between threshold crossings. In some implementations, the pedometer can automatically determine that the pedometer is being worn on a user's wrist ... Particular implementations provide at least the following advantages: Users can receive accurate step counts when the pedometer is worn at the wrist. Distance estimation can be improved based on more accurate step counts. Users do not have to specify where the pedometer is being worn.

The patent suggests that Apple will go ahead with its rumored 'iWatch' smartwatch soon, though nothing is set in stone yet.

Shares of Apple are lower on Thursday's session.

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