- Apple Inc AAPL is developing the likely Apple Watch Series 7 with a faster processor, upgraded wireless connectivity, and an updated screen, Bloomberg reports.
- It plans to update the leading Apple Watch, the cheaper Apple Watch SE successor, and a new version of extreme sports athletes.
- Apple had postponed the body temperature sensor to the 2022 update. The blood-sugar sensor also got delayed for several more years.
- Apple tested thinner display borders and a new lamination technique for the 2021 model that brought the display closer to the front cover. It will include updated ultra-wideband functionality that was responsible for operating the Apple AirTag item finder.
- Apple recently previewed the upcoming watchOS 8 software update to let the device unlock doors and hotel rooms.
- The extreme sports model is more likely for a 2022 launch and aims to compete with the likes of Garmin Ltd GRMN and Casio Computer Co Ltd CSIOF (CSIOY).
- Luxshare Precision Industry Co. is the primary assembler for the leading Apple Watch. Foxconn Technology Co Ltd FXCOF shares some of the orders apart from sharing the Apple Watch SE assembly with Taiwan’s Compal Electronics Inc CMPCY CMPFF.
- The addition of the body temperature measurement functionality to the watch via small digital thermometers that plug into a smartphone’s charging port could intensify competition with smartwatches, and fitness bands, including Alphabet Inc GOOG GOOGL, owned Fitbit.
- Apple is also aiming for a non-invasive solution to analyze blood sugar through the skin.
- Apple Watch, iPhone, and iPad helped produce revenue over $30 billion under Apple’s broader wearables, home, and accessories category in FY20.
- Price action: AAPL shares traded higher by 0.42% at $127.88 in the premarket session on the last check Monday.
- Image Courtesy: Wikimedia
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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