Despite a flurry of rumors in recent weeks, all of which suggest that Apple's iWatch is being actively developed if not manufactured today, it doesn't appear that WWDC will provide a stage for the Apple smartwatch to debut.

And that's a real bummer for Apple fans and investors, all of whom are eager for a dose of old-school Apple innovation in the realm of a new product category - let alone one as white hot as the wearables market.

Sources in the know tell Re/Code that Tim Cook has largely decided against unveiling iWatch at WWDC. If the same sources are correct.,

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