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According to a new report from KGI Securities analyst Ming-Chi Kuo, the much anticipated launch of Apple’s “iWatch” could be delayed into 2015. Kuo claims that difficulties with manufacturing the new device will likely be the cause of the delay:

We reiterate our view that iWatch, as compared to existing products, and as Apple’s (US) first attempt at a wearable device, represents a much higher level of difficulty for the company as regards component and system design, manufacturing and integration between hardware and software. While we are positive on iWatch and believe that the advantages of the design and business model behind it are difficult to copy, we think, given the aforementioned challenges, that the launch could be postponed to 2015.

Kuo, who has a good track record when it comes to Apple product releases, previously reported that Apple’s yet to be announced wearable would enter mass production from late-September to late November. His last report also detailed some components to expect on the device including a flexible AMOLED display, a sapphire coated display cover, higher waterproof standards, and new system-on-a-chip components.

The latest reports from ReCode and others claim that Apple is planning to introduce its much rumored iWatch device in October.