Marc Newson, a renowned industrial designer who co-founded and owns the Ikepod Watch Company, will work at Apple Inc. (NASDAQ: AAPL), Vanity Fair reported Friday, citing the iPhone maker.

As Cupertino, California-based Apple prepares to unveil its latest products later today, many are expecting a wearable device to be released as well, possibly a wristwatch, alongside the much anticipated iPhone 6.

Newson will work on the team led by his friend Jonathan Ive, senior vice president of design at Apple, Vanity Fair reported. The two, who met in Japan, are reported to be close and have famously collaborated in the past on projects, including an auction for singer Bono's Product Red charity.

Australian-born Newson is known for his 'biomorphism' style of design, which refers to the use of flowing lines and curves, and translucent colors.

“Marc is without question one of the most influential designers of this generation,” Ive said, in a statement to Vanity Fair. Newson said he was "enormously proud" to join Apple. He will, however, continue to work on projects outside Apple, the magazine said.