This is just a rumor from Bloomberg, but according to Bloomberg, Apple plans to release the iWatch later this year.
The report claims that Apple will announce and release its smartwatch later this year. The report also mentions several patent filings by Apple. All of these mention “wrist” and one even shows off a watch-like device, or something that goes around the wrist for sure.
If the Bloomberg report is to be believed, the watch will also enable users to make calls, check who is calling without having to pull out their iPhone and check the screen.
Another report, this one coming from the Verge, says that the iWatch is real, but that Apple is having difficulties with battery life.