More details about Apple's alleged iWatch are starting to make their way into the wild.

Is Apple making a watch? Or not? Chances are they really could be. We've been hearing this rumor for a few years already now, but they have just gotten more frequent since the start of 2013. The New York Times even reported that Cupertino was working on a wristwatch with iOS out of curved glass.

Then later, patents for a "wearable accessory device" surfaced. In addition, Bloomberg reported details Monday, that Apple has a team of 100 product designers working on the product.

Bloomberg's sources say that Apple is adding features such as making/receiving calls, called ID on the screen and checking map coordinates. The watch will also focus on fitness and health - a space companies like Nike are more familiar with.

Speaking of Nike, and others like Fitbit - which already have their own wrist accessories. they track heart rate, exercise routines, distance traveled and more.

According to The Verge, Nilay Patel cites his sources adding that the iWatch will fun iOS. And seeing how Apple has been turning to iOS to power its other devices, this rumor may be true too.

How will Apple succeed with a watch?

Of course, not everyone likes the idea of an iWatch. Would you trade your Rolex in for one? Probably not. But the idea of a wrist sized companion may appealing to some that want to access important info and do the stuff smartphones do with ease.

If Bloomberg's numbers are correct, a smart watch could be just as profitable for Apple compared to a TV set. The reason being - margins for watches are higher than TVs.

For now, it's too soon to tell if we're really going to see an iWatch anytime soon, and like most Apple rumors, they're tough to decipher.