Apple’s New Watch Series 8 Is a Diversifying Move

Series

Apple (NASDAQ:AAPL)

At an event on September 7, Apple (NASDAQ:AAPL) introduced two new smartwatches: the Watch Series 8 and the Watch SE. During the event, Apple also revealed the Apple Watch Ultra.

The Series 8 Apple Watch has a robust front crystal that is resistant to cracking and a big Always-On Retina display. The smartwatch claims to have a battery life of 18 hours.

Apple’s latest smartwatch adds temperature sensing capabilities, retrospective ovulation estimates, Crash Detection, and international roaming to its health and safety features, including an electrocardiogram (ECG) app and fall detection.

Activity tracking, high and low heart rate notifications, Emergency SOS, Crash Detection, and a new and improved back cover are all included in Apple Watch SE. The Watch SE may be had for the lower price of $249.

watchOS 9, which runs on the Apple Watch Series 8 and Apple Watch SE, includes features such as the new Lunar and Metropolitan watch faces, an improved Workout app, sleep phases, a first-of-its-kind AFib History feature, and a brand-new Medications app.

On September 16, you can buy either of the two smartwatches.

With a 49 mm titanium casing and flat sapphire front crystal, Apple (NASDAQ:AAPL) newest Apple Watch, the Watch Ultra, boasts the most prominent and brightest Apple Watch display to date and is designed for endurance, exploration, and adventure.

The Ultra model of the Apple Watch has a battery life of up to 36 hours. The smartwatch’s new low-power mode allows for an increased battery life of up to 60 hours.

The Wayfinder watch face, exclusive to Apple Watch Ultra, features a compass integrated into the dial and room for up to eight complications; it was created for the larger Apple Watch Ultra display. In addition to the classic bands, the Apple Watch Ultra has three additional bands: the Trail Loop, the Alpine Loop, and the Ocean Band.

As of September 23, you can purchase an Apple Watch Ultra.

Introducing Apple’s New Watches: A Bolt to Smartwatch Industry Dominance

In terms of smartwatches, Apple (NASDAQ:AAPL) is unrivaled. Markets & Markets forecasts that the market for wearables will grow at a CAGR of 18% between 2021 and 2026, reaching about $265.4 billion by the end of that period.

Apple (NASDAQ:AAPL) latest smartwatches will further cement the company’s position as the market leader. The rate of Apple Watch adoption increased dramatically in the company’s fiscal third quarter of 2022. Over two-thirds of Apple Watch buyers in the reported quarter were first-time buyers.

In the three months ending in June of 2022, Apple (NASDAQ:AAPL) held 29 percent of the market, according to research firm Counterpoint. Despite economic challenges, including increasing inflation and geopolitical crises, the worldwide smartwatch market saw shipment growth of 13% year over year in the second quarter.

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About the author: I'm a financial journalist with more than 1.5 years of experience. I worked for different financial companies and covered stocks listed on ASX, NYSE, NASDAQ, etc. I have a degree in marketing from Bahria University Islamabad Campus (BUIC), Pakistan. I love to write about marketing and finance. Other than that, I like spending time in the gym and playing PC games.