The Apple Watch X: A Major Upgrade for Its 10th Anniversary

Apple is reportedly planning a major upgrade to its Apple Watch to commemorate its tenth anniversary. According to Bloomberg, the new device, known as the Apple Watch X, will feature a thinner case and a sleeker magnetic band that takes up less space than previous models. The watch will also include a microLED display, offering improved color and clarity, as well as a feature for monitoring blood pressure.

In addition to the Apple Watch X, Apple is expected to release its Apple Watch Series 9 lineup at an event in September, alongside new iPhones. The Series 9 watches will come in new colors and feature faster processors, although these changes are considered minor compared to what Apple has planned for the Watch X, which is set to be unveiled in 2024 or 2025.

The decision to introduce significant upgrades to the Apple Watch suggests that Apple recognizes that many consumers are still purchasing their first Apple Watch and do not upgrade annually like they do with iPhones. Bloomberg previously reported that Apple is also working on a new version of the high-end Apple Watch Ultra, although details about this model remain unclear.

Apple does not disclose specific sales figures for its watches, as they are included in the “Other Products” category along with devices like AirPods, HomePods, and Apple TV. However, the segment reported $8.28 billion in revenue for the fiscal third quarter, representing a 2% year-over-year increase.

Shares of Apple have seen a significant increase of around 37% year to date, as of premarket trading on Monday. Similarly, shares of the Nasdaq have risen approximately 30% during the same period.

CNBC reached out to Apple for comment, but the company has not responded at the time of writing.

Read more at Bloomberg.

How does the inclusion of the Apple Watch in the “Other Products” category contribute to Apple’s revenue growth

Get ready for a major upgrade to the Apple Watch as the iconic wearable is set to celebrate its tenth anniversary in style. Dubbed the Apple Watch X, this sleek and stylish device comes with some impressive new features. According to Bloomberg, the upgraded watch will sport a thinner case and a magnetic band that takes up less space, adding to its overall appeal.

One of the standout enhancements is the introduction of a microLED display, promising improved color and clarity for users. But that’s not all, as the Apple Watch X will also have a new blood pressure monitoring feature, creating even more value for health-conscious consumers.

While the Apple Watch X steals the show, Apple is also expected to unveil its Apple Watch Series 9 lineup at a September event, alongside the release of new iPhones. While the Series 9 watches will come in fresh new colors and boast faster processors, they are considered minor upgrades compared to the more significant improvements in store for the Watch X. Apple fans won’t have to wait too long to get their hands on the Series 9 watches, but the Watch X won’t be unveiled until 2024 or 2025.

This major upgrade to the Apple Watch underscores Apple’s understanding that consumers don’t upgrade their watches as frequently as they do their iPhones. Bloomberg previously reported that Apple is also working on a high-end model called the Apple Watch Ultra, but specific details about this premium version are still under wraps.

While Apple doesn’t disclose precise sales figures for the Apple Watch, its inclusion in the “Other Products” category, which also encompasses devices like AirPods, HomePods, and Apple TV, contributed to a revenue increase of 2% year-over-year in the fiscal third quarter, generating an impressive $8.28 billion.

Investors are certainly taking note of Apple’s success, with the company’s shares soaring by around 37% year to date. The Nasdaq has experienced a similar rise of approximately 30%, emphasizing the positive sentiment surrounding Apple’s performance.

CNBC approached Apple for comment, but the tech giant has yet to respond at the time of writing.

Source: Bloomberg