Apple, which had been making headlines for its products throughout the year, is once again in news because of the rumors related to a wearable device.

According to Chinese blog Tech163, the Cupertino-based tech giant is going to rollout a smart-watch with Bluetooth connectivity.

The blog says that the supply chain sources indicated towards Intel for the development of the device. The blog report suggests that the watch will have a 1.5 inch OLED display.

With the use of OLED display, Apple can keep the weight of the device in control as the OLED displays are thinner and lighter when compared to displays like LCD and LED.

The use of OLED display will also work towards giving brighter and crisper display to the watch, and at the same time making it more power-saving.

With the given size of the screen, the rumored watch may look like the sixth generation iPod Nano, which was discontinued recently to make way for an advanced successor.

Sources say that the new watch will work with the iPhone with Bluetooth connectivity, and will be able to answer calls with the help of integrated Siri functions. The release time is anticipated in the first half of 2013.

If the watch comes in the market, then users will not have to take their iPhones out of their pockets, and will be able to answer calls, send text, reply to emails, and update their Facebook status by just reaching their wrist.

The watch, if the rumors turn out to be true, will become the second small device under the flagship of Tim Cook as the CEO. This also indicates that in future we can expect more small devices from Apple.

It should be recalled here that Apple, this year, unveiled a smaller version of iPad, iPad mini, even though former CEO late Steve Jobs was against the smaller versions of Apple devices.

At present, there is one smart watch available in the market from Sony, and one watch is expected to arrive from Martian by early next year.