We should hear all about the iWatch on September 9 when Apple unveils its iPhone 6, but it's still rumored - nothing is confirmed yet. Re/code is now reporting that Apple executives have been discussing a price point for its first wearable, with cheaper models to be released in the future.
Re/code reports: "Apple executives have discussed charging around $400 for the company's new wearable device. Pricing has yet to be finalized for the forthcoming product, which is expected to begin shipping next year. Sources say consumers should expect a range of prices for different models including lower priced versions."
I think we'll see Apple unveil the iWatch alongside the iPhone 6, with the $400 price seeming about right for Apple. We will know much more on September 9, just over a week from now.