HTC has abandoned plans to make a smartwatch Pocket-lint has learnt. Sources familiar with the matter have told us that although the company was planning to launch a smartwatch for customers, it has now abandoned the idea for the time being. Our source has no official confirmation as to why the project has been ditched, but believes rising costs and a lack of wow factor have played a huge part in the decision. The watch, which was rumoured to be a reworking of the Qualcomm Toq, clearly hasn’t met that expectation. The Toq was launched earlier in the year for developers to get an understanding how Qualcomm’s Mirasol (colour e-ink) technology worked, but with the roll out of Google’s Android Wear, any momentum for the product also looks to have been lost.