Apple is developing a smart ring that could potentially rival products like the Oura Ring and Samsung Galaxy Ring, according to the leaker and prototype collector known as "Kosutami."

The latest Oura Ring 5 starts at $399

Apple has toyed with the idea of a smart ring for several years, as indicated by several patents, and there have been previous rumors that Apple has investigated a wearable for the finger to track a user's biometrics.

Reports dating back to 2024 said Apple was weighing up the idea as a viable expansion of its wearables lineup – something that may appeal to people who would prefer a biometric accessory that's more inconspicuous than an Apple Watch.

Rumors have petered out over the last couple of years, but now it seems that the popularity of the latest Oura Ring has caught Apple's attention, if the latest rumor is anything to go by. However, no other details were provided by the leaker.

The original Oura Ring was released by Finnish health technology company Oura back in 2015. The device collects activity, heart rate, respiratory rate, and sleep data, and transmits it via Bluetooth to the Oura app.

Now in it's fifth iteration, the latest Oura Ring is a lot smaller than previous versions and boasts new health-monitoring capabilities including blood pressure trend detection, nighttime breathing analysis, and tools for GLP-1 medication tracking.

Would you be interested in an "iRing" as an alternative to Apple Watch? Let us know in the comments.