Following the incredible success of its first smartphone, which is still difficult to buy due to overwhelming demand, OnePlus will undoubtedly be adding new devices to its lineup in the future. According to a new report, one of them will be a smartwatch called the “OneWatch” — and its launch is right around the corner.

Don’t get too excited just yet, though. While it’s certainly a nice idea, it’s highly unlikely for the foreseeable future.

“We have been tipped that the company is close to launching its first smartwatch called OneWatch,” reports Boy Genius Report, and sources claim it will feature an OLED display, sapphire glass, a titanium chassis, and Qi wireless charging technology. In addition to the supposed screenshot above, BGR has published what is thought to be a sketch of the device.

The “OneWatch” certainly looks and sounds impressive. It could give the Moto 360 a run for its money when it comes to physical design, and it has technology that not even giants like LG and Samsung have been able to implement into wearable devices yet — like Qi charging.

It almost sounds too good to be true — and that’s because it probably is. The screenshot above is supposed to prove that OnePlus already has a webpage ready for the OneWatch, “which means a launch shouldn’t be that far off,” BGR reports. But that seems incredibly unlikely given that the company still cannot meet demand for its smartphone yet.

Thousands of fans are still waiting for an invite to buy the OnePlus One, and although the situation has improved slightly, they’re very difficult to get hold of. Take the recent giveaway, for example; 5,000 invites were on offer and over 212,000 people signed up to try to get their hands on one.

OnePlus simply cannot produce its handset fast enough, and so it seems incredibly unlikely that it is already working on adding a second device to its catalog. As much as we’d like the OneWatch to be a thing, we can only assume BGR’s anonymous source is simply having some fun.

We’ve reached out to OnePlus for an official comment, and we’ll update this piece as soon as we get it.

• SourceBoy Genius Report