Earlier today, KGI Securities analyst Ming-Chi Kuo predicted that Apple would be launching a faster Apple Watch 2 later this year. In the same note though, the analyst claims that Apple will be launching a faster Apple Watch 1 as well.
The upgraded first-generation Apple Watch model will come with a faster and power efficient TSMC-built processor and improved waterproofing capabilities. However, unlike the Apple Watch 2, it will not feature a GPS, barometer, or any other new additions. Even the improved waterproofing will not be a huge step up in any way.
Kuo expects Apple to further drop prices of the Apple Watch once it launches the new variants later this year. He did not clarify if the existing Apple Watch model will see a price cut or the upgraded variants. In all probability, it is likely that we will see Apple replace the current Apple Watch with an upgraded variant, which it will sell at a slightly lower price. It makes little sense for the company to offer three different variants of the Apple Watch to consumers at the same time.
While there have been no leaks surrounding a new Apple Watch 2, it has been more than 1.5 years since Apple released the original one. With Apple Watch not exactly setting the sales chart on fire, it makes little sense for Apple to launch an Apple Watch 2 until and unless it offers some major usability improvements.