Apple Inc. (NASDAQ: AAPL) may discontinue Its Watch Series 3 in the third quarter of this year, according to prominent analyst Ming-Chi Kuo.
What Happened: The Apple Watch 3 may reach the end of its life in the third quarter since its computing power will not meet the requirements of the new version of the watchOS, Kuo said.
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Why It Matters: The Watch Series 3 — launched by Apple in September 2017 — is the oldest device to support watchOS 8. Apple is expected to unveil watchOS 9 later this year.
The Apple Watch is an important product for Apple and is part of the Tim Cook-led company’s wearables, home, and accessories segment that generated sales of $14.7 billion in its previous quarter.
Apple last year unveiled the Apple Watch Series 7, which features an “Always-On Retina” display with significantly more screen area and thinner borders.
Tech journalist Mark Gurman has predicted that Apple could unveil a new Apple Watch SE, the Apple Watch Series 8, and a “rugged version” targeting the extreme-sports crowd this year.
Price Action: Apple shares closed almost 0.9% higher in Monday’s regular trading session at $165.38, but lost 0.2% in the after-hours session to $165.00.
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Photo Courtesy: Apple
