Let's face it, the LG Touch Watch phone is cool and interesting, but the odds of it ever being really popular are slim to none thanks to the weird format and tiny screen. Apparently, the watch is doomed for another reason as well -- the price.

Reports are coming in that the Touch Watch will sell for around £1,000 in Europe, an insane price tag for what you get. The price is not yet official, but Orange did agree to a specific price to get the exclusive for Europe.

The device supports video calling and voice calling and the maker maintains it is a full multi-media device and can do everything that a normal handset can do. The catch is that the tiny screen will affect how well you can do those things.

Via Mobile Today