The Apple Inc. (NASDAQ:AAPL) Watch was unveiled on Tuesday by CEO Tim Cooks of Apple Inc, the tech giant responsible for 'fun products' like the iPhone 6 and the iPhone 6 Plus, setting a new trend in the mobile device and smartphone markets.

Apple is an iconic design firm, making its products stand out in the tech arena among lackluster products. This has also been the concept behind co-founder Steve Jobs that led to his overwhelming success. The wearable gadget, Apple Watch monitors health and fitness parameters and is dubbed the 'Apple Watch', which was revealed along with the highly anticipated 2 iPhone 6 edition smartphones by CEO Tim Cook and the rest of the Apple gang.

Along with the touted release of two new iPhones, the iPhone 6 and the iPhone 6 Plus, the Apple Watch too is a grand addition to Apple Inc.'s collectibles.

While analysts are betting on the success of the iWatch, unveiled at the highly anticipated September 9 launch. Reports say that there are no signs of leaks on the Internet, which means Apple Watch is still not in the manufacturing phase. Since Apple Inc. has been offering iPhones in a couple of models over the last two years, Apple watchers assume the same will be true of the iWatch. There is still some uncertaintly behind what the company name will be for its first wearable device.

One thing is for sure, say analysts, the Apple Watch will be using the Healthkit, the Cupertino firm's fitness API and Homekit designed to connect with the Internet. Reviews of Apple Watch say that a release date may not come this year, but is expected early next year. The price will close to $340 and you may have to pay more for the 18-karat gold strap.

Telegraph tech editor wrote about Apple's transition this year, "With the announcement of two new iPhones, a smart watch and a massively ambitious mobile payments system, Tim Cook showed that Apple has emerged from the shadow of its founder Steve Jobs."