HTC has confirmed previous rumors that it had plans to launch a wearable device this year but then decided to postpone the launch until sometime in 2015.

HTC Americas head Jason Mackenzie told Re/code today, "We had originally planned to have a wearable launch in this time frame. It ended up just not being ready." It also quoted Drew Bamford, the leader of the HTC Creative Labs team, as saying, "When we come to market with our product we want to make sure the product has a strong point of view and there is a really compelling reason to strap it on your wrist." He added, "We honestly don't think anyone has gotten it right."

HTC is holding a press event on Wednesday at 4 pm Eastern time where it is expected to announce some new products. Do you think the company is wise in delaying the launch of its wearable device?

Source: Re/code