Apple’s long-rumored “iWatch” will enter production some time next month and hit the market as early as October. That’s according to Reuters, who has chimed in with some specific new details about the device.

According to the report, Taiwan’s Quanta Computer will be mass-producing the largest quantities of the device, which has yet to be officially named:

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.

The device will also contain a sensor that monitor’s the pulse rate of a wearer. That sensor is being provided by Heptagon, based in Singapore. LG Display will be the only supplier of the device’s screen.

In the first year on the market, Apple is expecting to ship 50 million units of the device.

Unfortunately, Reuters didn’t mention any retail price point. On Tuesday, a report said the device would sell for $349, which is way too high, in my opinion.

Re/Code, which has a very strong track record with Apple rumors, recently said that Apple is also planning to introduce the device in October.

Photo: iWatch concept render by Martin Hajek