My point is that if Apple does a wearable, I am sure it will be multifunctional. One of those functions will be a clock and only because it will have timing functions and that requires clock capability. My car has a clock in it but it is called a car and not a clock. By choosing iWatch is just lazy and unimaginative. Or maybe easier to type than multifunctional wrist band.
Merriam Websters definintion:
watch: a device that shows what time it is and that you wear on your wrist or carry in a pocket.
Based on this my iPhone is a watch.
Apple may make something that you wear on your wrist but it will not be called an iWatch.
People lets try a little harder on this.