Predictions about an Apple watch have been flying around, but recent news does nothing short of confirm the possibility that the tech giant will indeed produce a wearable product.

Earlier in June, Apple filed a trademark application on the name “iWatch” in Japan, the news of which recently became public. According to the Patent Office, the paperwork has not yet been approved and must go through the normal process before completion. As of now, there has been little commentary on what the iWatch will entail.

Speculations about the wearable Apple product have produced a few theories. In February, rumors about an Apple watch were in full force following an article by the New York Times. According to the Times, two unnamed sources revealed that Apple was “experimenting with wrist-watch like devices made of curved glass.” The sources also explained that the watch would operate on an iOs system.

Bloomberg also announced in February that Apple had a team of about 100 people working of the wristwatch. The team allegedly included engineers who have worked on the iPhone and iPad.

Gene Munster, an analyst at Piper Jaffray, said in a report,

“We believe technology could progress to a point where consumers have a tablet plus wearable computers, like watches or glasses, that enable simple things like voice calls, texting, quick searches, navigation. These devices are likely to be cheaper than an iPhone and could ultimately be Apple’s best answer to addressing emerging markets.”

KGI Securities analyst Ming-Chi Kuo, a reliable source who often offers accurate information regarding Apple products and services (he accurately predicted details and plans regarding the 13-inch MacBook Pro, iPad and iPhone), provided his input in May on Apple rumors. Kuo believes that the iWatch will be launched in the second half of 2014 and said in a research report he released:

“Apple may not have adequate resources to develop an iWatch version of iOS because it may require big changes to iPhone and iPad iOS this year. In addition, wearable device components aren’t mature. For these reasons, we think mass production of the iWatch is more likely to begin in 2014, not 2013 as the market speculates.” Kuo predicts that the watch will feature a 1.5-2.0 inch display.

Bruce Tognazzini, a former employee at Google and technology consultant, wrote in a blog post, “The iWatch will fill a gaping hole in the Apple ecosystem. It will facilitate and coordinate not only the activities of all the other computers and devices we use, but a wide array of devices to come. Like other breakthrough Apple products, its value will be underestimated at launch, then grow to have a profound impact on our lives and Apple’s fortunes.”

At the All Things Digital Conference in May, CEO Tim Cook said that wearable computing is a “profound area for technology” and indicated his “deep” interest for Apple in that area.

Cook also wears a FuelBand wristwatch by Nike that integrates with iOs, tracks the daily movements of the wearer and can be synced to the computer to view progress (such as how many calories were burned) and other details.