Apple is breaking boundaries as it acquires patent rights to a new product the press cleverly called the "iRing."

As the name suggests, the device can be worn on a person's finger that features several sensors like microphones, cameras, biometric sensors and motion sensors, Apple Insider reported on Thursday.

According to the outlet's sources, this finger-mounted device would also feature a haptic feedback system and would even have a small display.

Apple Insider described the U.S. Patent and Trademark Office filing entitled "Devices and methods for a ring computing device" as a "fairly comprehensive patent application."

This is because it even included a rough sketch of what the "iRing" is supposed to look like "based in reality."

The sketch, which was also posted with the report, portrays the new device as a sort of mini-Apple Watch that is small enough to fit in a person's index finger.

Furthermore, Apple Insider described the patent filing for the "iRing" as "an overview of Apple Watch" that is "distilled into a much smaller form factor."

Among the Apple Watch-like capabilities outlined in the document includes the heart rate monitoring feature as well as inductive charging.

"The application falls short of name dropping Watch but notes the ring device might be used as a stand-in for a 'smart watch' crown mechanism," the report continued.

Based on the filing, the "iRing" is also rumored to act as a miniature computer complete with input and output components like touch screens or touch pads that are pegged at one to five centimeters diagonally.

It is also said to be able to recognize voice commands as well as multitouch and gesture input, and can stand as a controller for some of Apple's products including TV's onscreen UI or an iPhone.

Of course, the company has already tried creating ring-sized devices in the past including a ring device that is said to stand as a remote control for Apple TVs.

This, however, did not materialize until today assuming the leaked filing is legit.

How it Works

While wearing it on an index finger, the ring can be operated using a "touch sensitive surface" with the user's thumb.

With its built-in accelerometer and gyroscope modules, the device is expected to be able to process gesture inputs as precise enough to be able to facilitate handwriting capture.

The input of commands and data can also be done via the installed microphone which, the outlet says, is similar to the Watch's "Hey Siri" feature.