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I have tried everything. I have the latest Android Wear app on my iPhone. The app does not see the watch. On the watch I go to settings/connectivity/BT and have it look for devices. My iPhone, with BT on and searching, does not see the watch. The watch will see a device, only displayed by MAC address (which oddly changes every few times of trying, even though it's still my iPhone) and when I try to connect, most of the time it will not connect. It just says "Available" then I press it, and for a split second it shows "Pairing...", then back to Available.
After resetting, restarting and turning BT off then on, I can get the iPhone and watch to THINK they are pairing, as the iPhone will want me to confirm the pairing code shown on the watch, and once confirmed, nothing is paired.
Once, on the iPhone, under Bluetooth, it actually showed the watch as "Connected", but the Android Wear app did not see the watch and after a few minutes, the iPhone showed disconnected.
Very frustrating as both the phone and watch are compatible. Why isn't the iPhone seeing the watch when I tell it to look for devices, and the watch never shows "iPhone", just some randomly changing MAC address?