Tag Heuer To Make Luxury Cell Phones?

We recently saw a new Prada phone and of course there is always Vertu but watch company Tag Heuer, which has also made a move into the sunglasses market, is planning to release a luxury cell phone. Tag Heuer is teaming up with ModeLabs to create a new phone that Bloomberg reports could cost over $1,000. No pics but the gadget dirt is that it will be stainless steel and doubtlessly going after the same tough-and-luxe dude market that their other products inhabit.

[via Engadget Mobile]