A:AnswerIt will initiate phone calls, and answer your phone but you'll have to use the 'handset' unless you are using headphones and a mic.
The watch does not work as a speakerphone. It has a mic for voice commands only, and does not have a speaker.
A:AnswerThe second generation is officially supported by iOS; you do not need an Android device at all. All iPhones from the 5 up are supported by select Android Wear devices (including the Moto 360 second generation).
To check and see if your device is compatible, go to this site from your device:
https://www.android.com/wear/check/
A:AnswerIf your ONLY looking for those features save yourself a couple hundred bucks and get a fitbit type device.. this watch is made to use with your smartphone connected via Bluetooth