HTC’s US President  stated in a Re/code interview, that HTC didn't cancel their smartwatch as has been previously reported. In reality, the company is working on one, but it was delayed. Here are a couple of quotes:

“We had originally planned to have a wearable launch in this time frame. It ended up just not being ready.”

And

“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. We honestly don’t think anyone has gotten it right.”

That's a very interesting statement from HTC. What do you guys think?