The Google Glass project has been in the news a fair bit in recent months, but it seems Google may have another wearable gadget in development that’s been flying under the radar. The Financial Times reports that just like Apple and Samsung, the search giant is working on its own smartwatch that will act as an extension to the smartphone.

Apple is expected to unveil its first smartwatch sometime this year, and there’s one company who will be right on its tail, competing for sales. As you may have already guessed, that company is Samsung.

Lee Young Hee, executive vice president of the Korean company’s mobile business, confirmed the move during an interview with Bloomberg.

Even though Apple’s iOS feature, Newsstand, hasn’t really taken off, Google might be looking to launch its own similar feature.

Google’s newspaper feature will be called Google Play News, and it will be come in issues and subscriptions, similar to the way content is distributed on Apple’s Newsstand.

Cheap Android tablets are stealing the iPad’s market share.

Even though Apple had a head start on tablets with the iPad, the number of Android tablets in use is expected to pass the iPad later this year.

According to a new report from IDC, the iPad’s marketshare will decrease in 2013 from 51%, down to 46%, while Android grows its marketshare to 49%.

Sharp has this morning announced a ¥10.4 billion ($112 million) investment from Samsung that will provide the latter with a 3% stake in the company. It makes Samsung the biggest individual shareholder in the Japanese display maker, and secures its access to Sharp’s LCD panel supplies.

The investment comes at a time when Sharp has been struggling. The company received a $4.4 billion bailout from the banks in October 2012, and its iPad display orders from Apple were recently cut as consumer demand shifted to the smaller iPad mini, which Sharp is not involved with.