Wamsi Mohan, senior hardware analyst at BofA Securities, believes investors should buy Apple on “The Claman Countdown.”
According to Bloomberg, Apple is set to incorporate a larger display and other improvements when the tech giant launches its Series 10 smartwatch.
The outlet reported on Sunday that the planned upgrades for both Apple Watch Series 10 models could be tied to the smartwatch celebrating its upcoming 10th anniversary.
According to Bloomberg, the new Series 10 screen size should more closely match that of the Apple Watch Ultra. The Apple Watch Ultra 2 has a 49mm case.
Apple Watches are displayed at the Apple Store at Grand Central Station in New York City on December 18, 2023. (Michael M. Santiago/Getty Images)
Additionally, Apple reportedly plans to reduce the thickness of the models.
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According to Bloomberg, Apple customers will see the tech giant using a new chip to power the Series 10, which could potentially help support future AI features.
Apple is reportedly packing a larger display and other improvements into its Series 10 smartwatch. (Michael Nagle/Bloomberg via Getty Images)
FOX Business reached out to Apple for comment on Bloomberg’s report, but did not receive a response by the time of publication.
Apple’s smarts should benefit future iPhone sales, analysts say
The latest iteration of the Apple Watch currently available on the market is the Series 9, which debuted in September last year. The Series 9, which is powered by the S9 SiP chip, is available in 41mm and 45mm sizes.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| AAPL | APPLE INC. | 227.82 | +1.48 | +0.65% |
The tech giant unveiled its first-ever Apple Watch about nine years and ten months ago.
Apple Watch Series 9 (Krisztian Bocsi/Bloomberg via Getty Images/File)
Bloomberg also reported Sunday that the Apple Watch SE will get an update. Meanwhile, the Ultra 3 will rely on the same new chip as the Series 10 when it launches, according to the outlet.
Apple’s smartwatches are part of the Wearables, Home and Accessories segment. This division generated $19.87 billion in revenue in the first half of the company’s 2024 fiscal year.
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