Apple Inc released its first new product in years last April, when the wearable Apple Watch was all the rage. Although it was originally released as a limited quantity product, the availability has significantly improved as of late, although by now, people are already asking: when can we see the next generation?

Word on the street, according to Uber Gizmo, is that the Apple Watch 2 will be arriving by June 2016 -- later than its predecessor did, but as of now, there are supply constraints to think of.Digital Trends noted that by launching the Apple Watch 2 in the second quarter next year would mean that it may be revealed during their annual March event, where they announced the Apple Watch as well as the 12-inch MacBook last year. If not, it is expected to be announced at the WWDC 2015, although that remains unlikely, considering that the WWDC is an event for developers.

Quanta Chairman Barry Lam was rumored to have said that the Apple Watch 2 might arrive in the second quarter of 2015, which means that it is likely that it will get a June launch. For those unfamiliar, Quanta is an Apple supplier, so there must be some truth to the statement. Lam was reported to have said that he expects Apple Watch shipments to increase in the coming year as the second generation will have significantly improved its hardware and is expected to entice more people to spend their money on the wearable.

Lam's statement, as CNET noted, did not detail specific changes coming to the smartwatch, but simply noted that Lam expects the next generation to offer "fully upgraded hardware and software".

CNET also noted that the Cupertino-based company has already been hard at work enhancing the Watch's appeal, adding new colors and band styles in September, and releasing the WatchOS2, which is the second version of the device's software. This brought about a major change in the watch, specifically, that it gave the watch the ability to run certain apps without the need of a smartphone.

Meanwhile, Apple's competitors are just on their heels. Google is reported to be tuning up their own Android Wear, their own software for smartwatches. The company announced on Wednesday that the Android Wear devices, starting with the LG Watch Urbane 2nd Edition LTE will now support cellular connections -- meaning the watch can send and receive messages, track your fitness and perform other tasks even without a phone nearby.