Apple will enter the wearable devices market “this fall” with an iWatch that includes a secure element, NFC communications capabilities and support for biometrics, according to a new research note by Taiwan-based KGI Securities analyst Ming-Chi Kuo.

The analyst, who is considered to have a proven track record in forecasting future Apple moves, also predicts the device will be available in multiple models, have a 1.3- to 1.5-inch flexible Amoled display and will be able to operate independently of the owner’s iPhone or iPad, Apple Insider reports. Prices are expected to exceed US$1,000 at the top of the range.