According to sources in the industry cited by Japanese newspaper Nikkei, advances in the technical specifications of the iWatch are being finalized and Apple is preparing to release the iWatch in October.
The report also notes the implementation of a curved OLED display.
The smartwatch would be powered by iOS 8 and a HealthKit system for monitoring health and physical activity.
Cupertino would produce between 3 and 5 million watches in the first month following the announcement.
A recent note by Cantor Fitzgerald analyst Brian White claimed that the iWatch will be launched in September alongside the iPhone 6.