Do you want an Apple Ring? The latest report suggests Apple isn't actively developing this product, and it might take years to release.

Appel has never spoken of a smart ring or even hinted at the impending existence of one, but if the latest rumors are to be believed, the illusory product is now nothing more than a pipe dream as Apple may have canceled the whole project.

Apple has ceased development of a smart ring, opting to focus on the Apple Watch, as revealed by Bloomberg's Mark Gurman. The smart ring concept risked detracting from Apple Watch sales due to its discreet design but limited features.