Apple's much-rumored iWatch will reportedly enter production next month ahead of a commercial debut in October, according to new information.

The first smartwatch from Apple, unofficially dubbed the iWatch, is widely expected to debut this fall and mark the company's entrance to the wearable device market.

According to a new report from Reuters, the iWatch will sport a 2.5-inch arched rectangular display made by LG. The screen will reportedly pack a sensor designed to monitor the wearer's pulse. As expected, the smartwatch will require pairing with an iPhone in order to send messages or allow for voice chat.

In a separate report, however, The Wall Street Journal (WSJ) revealed that Apple is in fact planning to launch several iWatch models, with different screen sizes. The WSJ also pegs the launch for October.

Both Reuters and the WSJ report that Taiwanese manufacturer Quanta Computer is set to conduct trial runs ahead of mass production. Apple has reportedly chosen Quanta as the main manufacturer of the iWatch, but Singaporean sensor maker Heptagon reportedly appears on a list of suppliers as well.

Considering that Apple recently unveiled its latest iOS 8 with Health and HealtKit on board, it would make perfect sense for the upcoming iWatch to sport health-monitoring sensors to take advantage of it.

Apple has never officially confirmed plans to launch a smartwatch, but CEO Tim Cook did previously say that the company will offer "new product categories this year." With the wearable device race heating up, the iWatch is a very likely possibility.

Archrival Samsung, as well as Google, have both entered the wearable tech market. Samsung already launched several smartwatches, as well as a fitness-focused wristband, while Google developed the Android Wear OS and teamed up with Motorola, LG, and Samsung for wearables se to launch this year.

While Apple would not be offering something unheard of, many hope that the company will revolutionize the booming wearable market and transform everything with great innovations just like it did with the iPhone back in 2007. Moreover, if Apple does indeed launch a smartwatch, it would mark the company's first newly-created product since 2010, when it launched the original iPad.

With no official confirmation, however, it all remains in the rumor state for now. As always in such cases, treat all rumors accordingly and take everything with a grain of salt.