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Details are emerging about Apple’s much rumored iWatch, which is targeted for release this year, according to a Bloomberg report. Bloomberg says the watch project is the brain-child of Apple design chief Jony Ive, who reportedly was sent “boxes” of Nike sports watches for his team to study, a few years ago, from then Nike creative director, Scott Wilson.

According to Business Insider, Wilson revealed that he sent Ivy the Nike Presto Digital Bracelets and the Oregon Series Alti-Compass watches, which were manufactured in 2002–2004.

Also, as we imagined in our iWatch wish-list last month, Bloomberg confirms our theory that Apple is reworking the full iOS to run on the watch and giving it full functionality and some additional health-related features.

Features under consideration include letting users make calls, see the identity of incoming callers and check map coordinates. It would also house a pedometer for counting steps and sensors for monitoring health-related data, such as heart rates.

According to the report, Apple will introduce the device as soon as this year and has filed at least 79 patent applications that include the word “wrist,” including one for a device with a flexible screen, powered by kinetic energy.