There was a rumor last week that the famous watchmaker TAG Heuer was working with Modelabs to develop a mobile phone. Now the rumor is official and TAG has developed an all-metal casing handset with Modelabs. The phone comes with a 1.9” QVGA screen with sapphire crystal glass, 2-megapixel camera, Bluetooth, 7-hours battery life and media player. Specifications-wise there is nothing to talk about in this phone, it’s the price that defines this phone, depending upon customizations it can range between €3,400 ($5425) to €3,900 (6225). The phone will be released in Q2.