It has been rumored time and again that Apple is working on its very own wearable gadget. The company is expected to release a smartwatch which many currently refer to as the iWatch. The device is believed to be fitness focused, and while there have been rumors that claim it will be released this year, many analysts are of the view that it won’t come out until next year. According to a new report from Digitimes, the iWatch will be released in the second half of 2014 and will be priced between $149 to $229.

If you follow the Apple rumor cycle you’ll be familiar with this source, it has a hit or miss track record. An analyst at CIMB Group has been cited in this report, who claims that Apple will place 60 percent of the orders for iWatch with Inventec. He also believes that customers will primarily purchase the smartwatch to replace their iWatch. Rumors about the iWatch intensify as Samsung gears up to launch its own smartwatch, the Galaxy Gear, next month. An executive at the company has already confirmed that. Analysts and consumers both expected Apple to retaliate with its own wristwatch, but the company is yet to drop any hint regarding its plans for a wearable gadget.

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