Apple iWatch Launch Date Tipped For October 2014 [Report]

Apple has been rumored to be working on an iWatch, and today a report from Nikkei appears to confirm many of these rumors. Citing sources familiar with Apple's plans, the tech giant is planning to reveal the iWatch in an event to be held in October later this year.

The report also says that the device is likely to use a curved organic light-emitting diode (OLED) touchscreen and collect health-related data, such as calorie consumption, sleep activity, blood glucose and blood oxygen levels. It is said to be integrated with the iOS 8's recently introduced health app. Further, the intelligent watch may come in variety of sizes and at multiple price points.

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"Apple appears confident of the new product. According to a parts manufacturer, it plans monthly commercial output of about 3-5 million units, which exceeds the total global sales of watch-like devices last year."

"The new watch-like wearable gear will run on this OS, which will be equipped with a centralized function to manage users' biometric information via smartphones. It is expected to hit the market in October".

Not long ago, Reuters reported that Apple might be planning to launch an iWatch, as the company in the recent months has hired at least half a dozen prominent experts in biomedicine.

Just last week, iTunes chief Eddy Cue revealed that Apple had the "best product pipeline" he'd seen in his 25 years at Apple. The company may reveal the iWatch, alongside a large screen iPhone, revamped Apple T.V, updated iPads with Touch ID, and a redesigned 12-inch MacBook Air.

Stay tuned to GizBot for more updates!