iWatch reveal rumors say that the Apple smartwatch is finally taking form - it is round or the first release will be round according to leaks and rumors.

The Wall Street Journal forecasted the iWatch reveal will come this summer ahead of the shopping season and the Christmas holidays. This is the most likely time that consumers will gift an iWatch or feel justified to buy one for themesleves.

Brian Blair, of Rosenblatt Securities said in an online report, " "We expect the device to have a round face." That comment was followed by Investment bank Barclays saying that the iWatch reveal will occur after Thanksgiving, well poised for marketing during the holiday sales season.

The iPod was once Apple's pride and joy. With the acquisition of Beats by Cupertino, you can bet that innovative digital music will play a big role in Apple's repertoire of 'fun stuff.'

Another report by Ubergizmo revealed a rumor that the wireless charging coils on the iWatch have been sent to Cupertino for testing:

"We have been hearing rumors about Apple's iWatch and that the device is expected to debut later this year. Not much is known about the device for now, save for speculation about its specs and features. One of the rumors is that the device could sport a round design, similar to that of Motorola's Moto 360, and another rumored feature is wireless charging, which once again is also supposedly how the Moto 360 will charge itself as well."

According to new about Apple products from China, the Cupertino firm is testing wireless charging coils to be used in the iWatch. A supplier of Apple's wireless charging coils, Luxshare is awaiting certification and approval. The company also supplies wireless charging coils as well. If and when Luxshare is given a green light the charging tools will go into the iWatch.