A new rumor has crawled out of the probably dusty and dirty rumor mill, this time coming from Bloomberg. Peter Burrows and Adam Satariano report that Apple have a team of around 100 product designers working on a 'wristwatch-like' device that shares functions from iOS devices.

The report listed managers, members of the marketing group and engineers that worked on both the iPad and iPhone. Two specific Apple employees are named, first, James Foster, who is a Senior Director of Engineering and another manager named Achim Pantfoerder, who are said to be on the - what I'm calling - iWatch team.

Pantfoerder has been credited with multiple patents, one of which is a joint patent with Apple's Tony Fadell for integrated proximity and light sensors that ended up getting baked into the iPod touch, iPhone and iPads, as well as another patent in relation to Apple's stereo headset jacks, and more. We should see this third rumor as solidification of Apple releasing a wearable computing device, and not just some rumor from 'sources within the upstream supply chain'.