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iWatch Features Include Wireless Charging, Flexible Display, NFC For Mobile Payments: Report

The iWatch is shaping up into one uniquely appealing device, according to the Wall Street Journal and New York Times.

The publications recently reported that the rumored Apple smartwatch will come packing a curved OLED screen, a flexible display and wireless charging capabilities. The New York Times has also tipped the iWatch for mobile payment capabilities through Near Field Communication, which is also believed to be an iPhone 6 feature.

"It has a flexible display panel that is protected by a cover composed of sapphire, a type of tougher glass, they said. The device's circuit board, which includes its sensors and chips, was described as tiny, about the size of a postage stamp.

For replenishing the battery, the smartwatch will rely on a wireless charging method. Apple had at one point tested solar charging for the watch, but that experiment failed."

As previously reported, the Times also reports that the smartwatch will come with two sizes with a focus on health and fitness functions. Unnamed employees that spoke to the publication added that the product is "one of Apple's most ambitious projects to date," and an "enormous" time and financial commitment from Apple to ensure its health and fitness sensors are "much more" accurate than those found in existing fitness devices, MacRumors reports:

"The iWatch is said to take advantage of HealthKit, a set of APIs Apple introduced alongside iOS 8 that will integrate into existing health devices and apps, reporting data to a central location. It's also going to rely on Handoff, a Continuity feature that lets users seamlessly transition tasks from one iOS or Mac device to another."

However, just as analyst Ming-Chi Kuo stated in a recent investors note, the report suggests the device will not be available to consumers until 2015 - even if it is unveiled at Apple's Sept. 9 event alongside a new iPhone and iPad.