The rumor: Apple is preparing to replace the current Apple Watch Series 3 with a lower-cost variant, according to Mark Gurman (86.7% accurate).
- The cheaper Apple Watch will launch later this year alongside the Apple Watch Series 6
- As stock for the Series 5 watch on Apple’s site dwindles, a launch could be imminent
- AppleTrack speculates the lower-cost wearable could get the ‘SE’ moniker, similar to how Apple named the $399 iPhone SE
Our take: With the Apple Watch Series 3 going away this year, Apple needs a suitable replacement for that slot: something that’s cheap enough to manufacture but compelling enough to purchase. I could see something like the S4 processor from the Series 4 making its way inside the new ‘SE’ timepiece.