Following HTC 10’s impressive reception, HTC has been gearing up to release a smartwatch. After a slew of delays, the Taiwanese tech giant was to introduce the gadget towards the beginning of June. But it looks like the HTC smartwatch has once again been postponed.

At this point, the possible release date of the yet-to-be-named HTC smartwatch is fall 2016. This information has been confirmed by the credible tipster Evan Blass of @evleaks fame.

Nobody knows what’s stopping HTC from launching the device. Almost all major OEMs have a smartwatch or a smartband to flaunt, but HTC doesn’t have one. Sometime in September 2014, HTC put an end to the rumors by saying there will be no smartwatch from the company. However, within a couple of months, the tech giant acknowledged that they are working on the HTC smartwatch once again, Phone Arena reported.

In addition to the change in release date, this device has apparently gone through design change over a period of two years. Phone Arena says the HTC smartwatch was supposed to come with a square display, similar to the Apple Watch. However, on the contrary, recent rumors suggested that the upcoming gear will carry a 360 x 360 circular display, similar to Motorola’s Moto 360. Also, the alleged code name of the HTC smartwatch is “Halfbeak.”

Here is the tweet from Evan Blass confirming the delay in the release of the much-awaited HTC smartwatch:

On a related note, wearable gears look like the next-big thing in the tech world. Research firm IDC recently noted in February that wearable devices’ worldwide shipments increased 126.9 percent year over year during the fourth quarter of 2015. Device manufacturers reportedly shipped 27.4 million units in the holiday quarter, beating the Q4 2014 stats by 126.9 percent.

Moving on to full year metrics, OEMs apparently shipped 78.1 million units in 2015. This means, the wearable gadgets shipment in 2015 grew 171.6 percent when compared to the year before.