Since the Apple Watch Series 2 is 50 percent faster than the first version, the third-gen Apple wearable is expected to be fueled by an undisclosed processor chipsets to achieve 100 percent faster performance than predecessors. New functionalities are also expected to arrive in Apple Watch Series 3.

To recall, Apple Watch Series 2 is powered by a dual-core S2 chip which is 50 percent faster than the chipset of the smartwatch's first version, BGR India reported. In relation to that, a faster yet unknown processor chipset is expected to fuel the Apple Watch Series 3 to be able to handle the new features that the wearable has to offer.

Other Apple Watch Series 3 specs include a battery embedded in the wearable strap which aims to provide longer active hours. This serves as mobile power bank, supplying power to the smartwatch through the thin induction coil that is located at the bottom, PC Advisor reported.

Interesting features are also expected to land in Apple Watch Series 3 and that includes a built-in camera for Selfie and FaceTime video calling as well as LTE connectivity. The smartwatch is also said to come with iPhone-like functionalities such as 3D Touch but with enhanced pressure sensitivity.

Apple Watch Series 3 is reportedly sporting a "Magnetic Straps" that automatically attached to the smartwatch's body. While in idle mode, the users can choose to roll the straps and convert into a smartwatch stand.

When it comes to Apple Watch Series 3 display, the Cupertino giant is reportedly using a micro-LED screen with 390 x 312 pixels resolution and wrapped in a 1.65-inch display. The smartwatch is expected to come in different colors, choices of straps and different sizes.

Since the Apple Watch Series 2 was released in September 2016, Apple Watch Series 3 is presumed to be launched in September 2017 during the 10th iPhone Anniversary Celebration.  Meanwhile, price range of the wearable remains undisclosed.