CUPERTINO, Calif. - Apple Inc (NASDAQ:AAPL). has introduced the Apple Watch Ultra 2, now available in a black titanium finish, featuring enhancements such as sleep apnea notifications. The new model, designed for athletes and adventurers, offers the brightest display in an Apple product and extended battery life. Pre-orders begin today, with availability starting Friday, September 20.
The Apple Watch Ultra 2's new finish is achieved through a custom process, making it scratch-resistant and durable. It is made from 95 percent recycled titanium and is carbon neutral. The updated model comes with a Titanium Milanese Loop band, suitable for water activities and everyday wear.
Equipped with the most accurate GPS in a sports watch, the Apple Watch Ultra 2 is designed to support various outdoor and water activities. It features a display with 3000 nits brightness, dual-frequency GPS for precise navigation, and the new watchOS 11, which introduces the Vitals app for monitoring key health metrics, training load insights, and customizable Action button features.
The watchOS 11 also brings a Tides app, providing tidal information for coastal activities, and enhanced workout experiences for runners, cyclists, swimmers, hikers, divers, and golfers. For divers, the Oceanic+ app transforms the watch into a dive computer, with new features for snorkelers added this year.
The sleep apnea notification feature utilizes the watch's accelerometer to monitor breathing disturbances, which may indicate signs of the condition. Users will receive notifications, educational materials, and a reference PDF to discuss with healthcare providers. This feature is pending FDA clearance and is expected to be available later this month in over 150 countries, including the U.S., the EU, and Japan.
Additionally, for the first time, audio can be played through the watch's built-in speakers, allowing users to listen to content from various apps directly from their wrist.
The Apple Watch Ultra 2 starts at $799 for the standard model, with the Apple Watch Hermès Ultra 2 priced at $1,399. Both watches and the new bands are available for pre-order, with in-store availability on the same date as the general release.
This announcement is based on a press release statement from Apple Inc.
In other recent news, Apple Inc. has launched the iPhone 16 and iPhone 16 Plus, featuring a new A18 chip and enhanced camera capabilities. The A18 chip, developed using Arm's latest V9 design, is expected to deliver significant performance improvements and extended battery life. The new iPhones also promise durability with their Ceramic Shield and water-resistant design, and introduce a feature called Camera Control, which will enhance user interaction with their environment.
Apple is shifting its focus towards artificial intelligence (AI) with the iPhone 16, integrating AI features at its core. This move includes the introduction of Apple Intelligence, a generative AI platform, and an improved Siri with ChatGPT integration. However, the availability of these AI features in China remains uncertain due to OpenAI's decision to block ChatGPT in the country.
In addition to product launches, Apple is also dealing with market dynamics. Following a weaker than expected U.S. employment report, investors are observing the Federal Reserve's potential rate cut decisions, which could impact the overall market and companies like Apple. Despite this, the company continues its technological advancements, emphasizing its commitment to integrating cutting-edge technologies into its products.
InvestingPro Insights
As Apple Inc. unveils its latest Apple Watch Ultra 2, investors and enthusiasts alike are closely watching the company's stock performance. With a robust market capitalization of $3.3 trillion, Apple stands as a giant in the technology sector. Its financial health is reflected in a high Price/Earnings (P/E) ratio of 33, which indicates strong investor confidence in the company's earnings potential. Moreover, Apple's revenue for the last twelve months as of Q3 2024 stands at an impressive $385.6 billion, with a modest revenue growth of 0.43%. This growth, while seemingly slight, is part of a consistent upward trend that has marked Apple's financial journey.
InvestingPro Tips highlight Apple's prowess in the market, including its history of raising its dividend for 12 consecutive years, showcasing its commitment to returning value to shareholders. Additionally, the company is known for its low price volatility, providing a sense of stability in a market that can often be tumultuous. For those interested in diving deeper into Apple's financials and stock performance, InvestingPro offers a wealth of additional tips—15 in total—available at https://www.investing.com/pro/AAPL.
With the latest gadget release, Apple continues to solidify its position as a prominent player in the Technology Hardware, Storage & Peripherals industry. The company's ability to innovate and expand its product offerings, such as the introduction of sleep apnea notifications in the new Apple Watch Ultra 2, may well contribute to its ongoing financial success and the sustained interest from both consumers and investors.
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