Apple Watch: expect more of an "S" version with similar design, upgraded components including processor[,] battery, new band styles. Unlikely to have a wireless radio, which would allow standalone (i.e. decoupled from iPhone).
The idea is similar to Apple's release cycle for the iPhone. A major design upgrade is usually followed by a relatively minor internal upgrade. While it seems logical, previous reports have suggested that Apple only plans to unveil new bands and software for the smartwatch.
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