Apple Inc. (NASDAQ:AAPL)’s rumored smartwatch, dubbed the iWatch, is reportedly entering into mass production. We’ve been hearing rumors about this device for quite a long time, and now Reuters believes that the mass production of iWatch is going to start in July. Supposedly, 50 million units will be produced in the first year alone, “although these types of initial estimates can be subject to change.”

Apple iWatch

Reuters has revealed a good bit of other information about the smartwatch. Taiwan’s Quanta Computer Inc. is said to be manufacturing the iWatch. Quanta will be manufacturing at least 70% of the final assembly. The smartwatch is said to be launching as early as October, according to a “person familiar with the matter.”

Apple’s iWatch would have a big 2.5-inch display

One of the notable points in Apple’s iWatch is that it would come with a 2.5-inch display, which would be “slightly rectangular.” Reuters further adds that “the watch face will protrude slightly from the band, creating an arched shape, and will feature a touch interface and wireless charging capabilities.”

With regard to its features, the iWatch will perform many functions independently, but some tasks like voice chat and messaging will require pairing it with a smartphone. Of course, the device will be compatible with Apple’s iOS, but it’s not confirmed yet if it will work with other devices such as Android, Windows Phone, etc.

LG will be manufacturing the screen for the iWatch’s initial batch of production. It also comes with a sensor that monitors the user’s pulse.

The report doesn’t mention the price of iWatch, but as always, Apple will charge a price higher than its rivals. One can expect the iWatch to be priced in the ballpark of Google’s forthcoming Android Wear lineup, which will include the Motorola Moto 360 and LG’s G Watch.

Apple has previously given hints about a new product category this year, and perhaps the iWatch is what the company is talking about. Whether it will be a game changer or not remains to be seen.