Apple Stock News: New Apple Watch Will Cut Ties With iPhone

Apple Stock News

For the latest Apple Stock News, AAPL closed at $158.81 per share on August 7th, 2017. It generated a return of 1.54% from its previous close on August 4th, 2017, when it closed at $156.39 per share.

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For the first time since its release in 2015, Apple is going to be breaking ties between the iPhone and the Apple watch. The company is going to start selling Apple watch models with cellular LTE chipsets integrated in the product. This means consumers could use their Apple watch while leaving their iPhone at home to charge, and still be able to enjoy all of the smartwatch functionalities.

From streaming music directly from the internet to sending text messages, the Apple watch will only be lacking the ability to make phone calls in terms of main features, if compared to the iPhone.

Apple is planning to launch the product within the end of this year. In the occasion of recent Q2 earnings release Tim Cook said Apple watch sales grew 50% Y/Y from the June quarter of 2016. He also added that the Apple watch is the number one best selling smartwatch by a wide margin, if you look at the multi-functional smartwatch market.

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