Yes, Apple will be joining Pebble, Samsung Galaxy Gear, Nissan Nismo and Sony smartwatch in what the Guardian has described as the “war for the wrist.” The Cupertino tech giant is reported to be already in the works of the device and is testing panels for a launch of the much rumored Apple iWatch this year.

Earlier reports have indicated that Apple has filed trademark for the term iWatch in Russia and Japan and now, Korean publication ChosunIbo, the company is now testing flexible OLED displays for the rumored iWatch. The publication wrote that the smart watch prototypes undergoing testing has three different sizes – 1.3”, 1.4” and 1.5”

“A prototype of the 1.5-inch has already been made,” a Chosun Ibo source noted, as reported by UnwiredView. The release date of the gadget, however, remains unknown.

UnwiredView wrote that if the rumors are true, Apple’s own version of a wrist-like computer device may look more like Pebble (the Kickstarter legend), than anything even like Samsung Galaxy Gear.

The release of the iWatch may force Samsung to redo their plans for the Samsung Galaxy Gear. The South Korean tech giant may release a so-called small and thin Samsung Galaxy Gear X. Many current Gear app makers are re-tooling their apps for the new kind of Samsung Watch.

Apple’s plans may be different from Samsung;s when it comes to the wearable gadget category as it may aim to avoid the head to head competition it has experienced with the handsets. Pebble though seen as the more high-profile pioneer in the space, thanks to the publicity Kickstarter brought, maybe the closer competition for Apple.

Aside from Apple, there have also been reports that Google is planning to launch their own smartwatch dubbed the Nexus Smartwatch.