Executives at Apple supplier TPK have revised earlier forecasts for a profit uptick in the third quarter, pushing the expected release for the so-called "iWatch" back by three months.

If true, a delay would seemingly indicate that Apple is suffering from delays.

The news was announced during a corporate conference in Taiwan, which is where TPK is based out of, according to newspaper UDN.

GforGames first confirmed the news in a report released shortly after the conference.

TPK has been the primary supplier of touch components for Apple's iPhone and iPad devices.

Rumors have circulated since February that Apple would eventually turn to the Taipei firm for the iWatch.

The news does match up with an earlier report from analyst Ming-Chi Kuo, who suggested that production would be pushed to November.

Morgan Stanley said in a note earlier this month that they expect Apple to sell its iWatch for $300, with a 40 percent to 50 percent profit margin on each device sold.

Katy Huberty and her team expect 30 million to 60 million iWatch sales "in the first 12 months of availability based on historical penetration of past iDevice(s)," according to International Business Times.

The device is expected to come with sapphire-coated, flexible Amoled, waterproof display.

Apple's HealthKit software is expected to help the iWatch accumulate information about exercise.

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