In an interview with iDigitalTimes, Ray Xie said, "We currently haven’t any plans to release a jailbreak prior to iOS 9."
When asked about the Apple Watch, Xie said that "We have no plan to jailbreak Apple Watch at this time. Apple Watch is a new product. We don’t know too much about its users’ demands. What’s more, we are not quite clear about whether it is suitable or necessary to jailbreak an Apple watch. Time will tell all that."
Focusing on iOS 9 is a logical decision as it's a major operating system update that may prove difficult to jailbreak thanks to Apple's rumored "rootless" security system that will "be a heavy blow to the jailbreak community".
Fortunately, the Pangu Team has just demonstrated a jailbreak of iOS 8.3 and there is some hope that we could see a release after iOS 8.4 is publicly available.
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