We were expecting Apple’s much rumored iWatch to launch before the end of 2013, although now according to a recent report, Apple will not launch their iWatch until next year.

The news comes from KGI Securities analyst Ming-Chi Kuo, we may have to wait until next year to see this new iOS powered watch.

Apple may not have adequate resources to develop an iWatch version of iOS because it may require big changes to iPhone and iPad iOS this year. In addition, wearable device components aren’t mature. For these reasons, we think mass production of the iWatch is more likely to begin in 2H14, not 2H13 as the market speculates.

We know Apple has a number of new products to launch this year, one was rumored to be their new iWatch, the other was the new Apple HDTV, I guess we will have to wait and see what Apple intends to launch.