Taiwan’s Quanta will reportedly begin producing the iWatch in July

The iWatch won’t be an official product until it’s announced on the stage of an Apple press event, but a Thursday report lends more credibility to rumors that Apple’s smartwatch is imminent. Referencing various anonymous supply-chain sources,Reuters has reported that Taiwan’s Quanta Computer will begin production of Apple’s mythical wearable in July. Details are scant, but the Reuters report says Apple’s smartwatch will feature a 2.5-inch, slightly rectangular, arched touch display, and will be juiced by wireless charging. The gadget will have a heart rate sensor, and connect only to Apple devices running iOS. The watch would go on sale in October, and Apple expects to sell 50 million units within one year of the wearable’s release. LG will make the watch’s display, and Quantawill account for at least 70% of total iWatch production.

Taiwan’s Quanta Computer Inc 2382.TW will start mass production of Apple Inc’s AAPL.O first smartwatch in July, a source familiar with the matter said, as the U.S. tech giant tries to prove it can still innovate against rival Samsung Electronics Co Ltd. The watch, which remains unnamed but which company followers have dubbed the iWatch, will be Apple’s first foray into a niche product category that many remain skeptical about, especially as to whether it can drive profits amid cooling growth in tech gadgets. The production will be a boost to Quanta, given that its work for Apple till now has focused on laptops and iPods, product lines that are in decline. Quanta’s role though is likely to raise questions about what involvement Hon Hai Precision Industry Co, one of Apple’s biggest suppliers, will play in production. While the watch is widely expected, the start date of its mass production and the extent of Quanta’s involvement were not known until now. Mass production will start in July and the commercial launch will come as early as October, according to the source and another person familiar with the matter. Apple will introduce a smartwatch with a display that likely measures 2.5 inches diagonally and is slightly rectangular, one of the sources said. The source added that the watch face will protrude slightly from the band, creating an arched shape, and will feature a touch interface and wireless charging capabilities.