Those waiting for Motorola to unveil its next smartwatch, Moto 360 2, may not have to wait for long, as latest rumors suggest that the device may be available in early September. Moreover, rumors are rife that the purported Moto 360 2 may come in three different models.

Christian Today reports that the Moto 360 2 may possibly be unveiled on Sept. 2 during this year's IFA event. In fact, Motorola has already confirmed their participation in the event and that they expect it to be their "biggest launch of the year." This had resulted in many to believe that Motorola has chosen the occasion to unveil their new smartwatch as well.

According to the report, of late, the device that is being dubbed as the Moto 360 2 has been spotted in public a lot. Moreover, there are reports suggesting probable the specs and features the new smartwatch.

It is believed that the Moto 360 2 will be powered by a Qualcomm Snapdragon 400 processor and come with 4 GB of internal storage. The smartwatch is also expected to have an assortment of features meant for the modern traveler, for instance it is likely to include an accelerometer, a barometer, a heart rate sensor, and a gyroscope.

Moreover, speculations are rife that the new smartwatch will also have Wi-Fi capabilities in addition to Bluetooth LE in order to help people stay connected even while they are traveling. It's also believed that the Moto 360 2 will have the same "flat tire" portion found on the display of its predecessor, the Moto 360.

iDigital Times reports that that the Moto 360 2 is expected to come in three models. The first model, which would be the Cognac Leather Moto 360, will be available for $392.49. However, customers looking for a cheaper alternative can expect to get either the Light or Dark Stainless Steel models of the Moto 360 2, which will be priced at $326.99.

It is worth mentioning here that Motorola has yet to make any official announcement about the Moto 360 2, so the specs and features discussed here should be treated as speculations.