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A long time coming ... Apple unveils its watch: Smartwatch is firm's first big launch since the iPad: Investors had concerns about lack of innovation(Guardian (UK) Via Acquire Media NewsEdge) Apple last night unveiled its much anticipated smartwatch, the first significant product launch from the company since the launch of the iPad and the first that has been fully developed under the leadership of the chief executive Tim Cook. The Apple Watch, which will be available from early next year, will combine health and fitness tracking, including heart rate monitoring, with communications. It will also be able to store music, provide directions when the wearer is walking, send messages, and allow access to hundreds of third-party apps, such as Twitter and Facebook. At the unveiling in Cupertino, California, Cook called it "the most personal device we've ever created". The launch of the watch, along with two new iPhone models and a smartphone cashless payment system, comes amid increasing pressure from investors worried about a perceived lack of innovation following the death of Apple's co-founder Steve Jobs. The new versions of the iPhone have larger screens, in a move to catch up with the demand for larger phones, from Asia particularly. The iPhone 6 and iPhone 6 Plus come with a 4.7in and 5.5in screen. The watch screen display is controlled via a crown on the side of the phone, which turns like a traditional jog dial and adjusts functions, such as zooming and time setting. It also has a touch screen. "We're at a compelling beginning, designing technology to be worn, to be truly personal," said Jonathan Ive, the British head designer at Apple, as he introduced the range. Cook added: "We've been working on it for a long time." The device will be available in three editions: the stainless steel Watch, aluminium Watch Sport, and 18c gold Apple Watch Edition. All three need a constant wireless connection to an iPhone to operate and will start at $349 in the US. The wearable technology market is a growth area for mobile technology as smartphones reach a 70% saturation point in developed markets including the US and UK. Rival watch and wearable device makers are keeping a wary eye on Apple, which upended the music industry and drove once dominant phone makers like BlackBerry to the brink of extinction, and whose iPad helped shrink personal computer sales for a time. "Wearables" have been the subject of intense focus over the past year as Samsung, LG, and most recently Motorola have launched their own "smartwatches" using Google's Android system. But analysts forecast that Apple would rise to dominate the market next year. "The wearables market has so far lacked a leader to fire up the masses, and all eyes are on Apple at this point," said eMarketer's senior analyst Cathy Boyle. Cook also hailed a new system to drive mobile payments via smartphones using fingerprint recognition, which he said would "create an entirely new category of service". The ApplePay system aims to kickstart the slow-moving market for mobile payments, which banks and credit card companies have struggled to get people to adopt, but could also give Apple growing power in the payments industry. The ApplePay system, which works with the newly announced iPhone 6 and 6 Plus phones, stores the details for any customer card on the phone securely. Transactions are authenticated by a fingerprint sensor on the phone, sending a onetime "token" to the retailer's terminal to authorise payments. Captions: Apple chief executive Tim Cook introduces the company's smartwatch Photograph: Justin Sullivan/Getty Images (c) 2014 Guardian Newspapers Limited. |