Following in the footsteps of the iPhone, iPod and iPad, Apple’s next big must-have gadget may be something called the iWatch, reports TheWrap.com.

Citing a report from Business Insider, the piece reports that Apple has joined forces with Intel to develop an iOS watch.

“The Chinese tech blog Tech165.com reported that the device would be Bluetooth-enabled with a 1.5-inch OLED screen,” TheWrap reports. “The smartwatch would launch sometime in the first six months of next year.”

Writing in Business Insider, Nicholas Carlson notes: "Obviously, we should all read mysterious reports out of Asia with caution.”

TheWrap adds: “MINIMAL, a gadget company, already created a band to convert Apple’s iPod Nano into a watch.”