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Apple Watch Edition: £12,000 smartwatch is likely to be obsolete in a year

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Many had hoped that when Tim Cook unveiled the Apple Watch Edition — the solid gold watch that is by far the most expensive product the company has ever made — he would demonstrate how the watch could be upgraded in years to come. While £12,000 isn’t unheard of in the watch business, people often buy them as heirlooms or investments. But Apple’s watch, as with all its products, will be out of date by next year.

The company did announce a luxury shopping experience: the watches will be sold in a limited run and only at select stores, so part of the price will be justified by the exclusivity.

Apple’s CEO, Tim Cook, introduces the Apple Watch in San Francisco on Monday Apple’s CEO, Tim Cook, introduces the Apple Watch in San Francisco on Monday (AP)

Some had hoped that the company would announce a way to swap out parts or cases, so that the 18-carat rose and yellow gold that commands such high prices can be kept, while discarding the insides. Tim Cook mentioned no such solution when unveiling the watch, though it may be announced later on.

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