The “Apple Watch” was just announced with following highlights

Apple Watch – Home Page

Highlights from the Apple Watch product launch include:

* Apple Watch will go on sale on April 24, 2015

* Price range $349 to $17,000 (18K Gold model). The larger 42mm (1.7in) models of the Watch will cost about $50 more than than the 38mm (1.5in) version

* Requires iPhone 5 or higher (it is not standalone)

* Battery life for Watch would typically last owners 18 hours between charges

* Apple Watch can be used to make touchless payments (compatible with Apple Pay)

* Apple Watch can receive phone calls.

* Apple Watch in conjunction with user’s iPhone, keeps time within 50 milliseconds of the definitive global time standard

* Apple Watch has built-in GPS tracking

* Sports model can track heart rate, distance walked, and other measures

* Apple watch issues gentle tap with each incoming message & capability to transmit messages.

* Apple Watch can open a compatible hotel room lock as an alternative to a key card

* Checking the name of a song via the app Shazam

* Opening an internet-connected garage door remotely

* Numerous new apps have been developed in advance (The firm said on stage that thousands of new apps had already been developed for the Watch ahead of it going on sale)


Early SALES PROJECTIONS were noted as follows: 

*  Rivals’ smart watches have only seen limited sales to date.

*  “Apple will unquestionably sell millions of these watches because there’s pent-up demand from the loyal super-fans who will buy almost any Apple product,” said Ben Wood from the tech advisory firm CCS Insight.

* CCS Insight forecasts 20 million units will be sold by the end of this year – representing about 7% of the compatible iPhones currently in use. However, other analysts range widely in their predictions, forecasting sales as low as eight million units to as high as 60 million in 2015.