Ever since Apple changed the iPod Nano’s design to make it incompatible with watch bands, fans knew a dedicated watch was in the works. In the company’s latest ad, you’ll see a user listening to an iPhone, but with a mysterious gadget on his wrist.While the screen cannot be clearly seen, many online users have speculated that the gadget is in fact Apple’s much rumored iWatch. Continue reading for more.

The so-called ‘iWatch’ is set to take on Google’s Glass eyewear in the wearable computer market. The speculation has let to hundreds of Apple fans creating their own mockups of an iWatch. This year it is expected to reveal a major overhaul of its iOS software, which reports claim will replace the current software with a ‘flat’ design being overseen by the Sir Jonathan Ive, the firm’s London-born design boss.

[Sources 1 | 2]