Apple to launch Watch 2 in next six months: Report

According to a detailed note by KGI analyst Ming-Chi Kuo, which was passed on to investors citing detailed plans of Apple’s wearable for the next six months, the company will launch two watches with moderate improvements over its predecessor.

The second version, dubbed “Apple Watch 2,” is also expected to share the same general design as current models, but will include a GPS radio and barometer for improved geo-location capabilities. (Apple)

Cupertino-headquartered technology giant Apple is planning two launch two new Apple Watches in the second half of 2016, an improved version of the existing Apple Watch model and the Apple Watch 2 that will come with GPS, barometer and other new features.

According to a detailed note by KGI analyst Ming-Chi Kuo, which was passed on to investors citing detailed plans of Apple's wearable for the next six months, the company will launch two watches with moderate improvements over its predecessor.

The second version, dubbed "Apple Watch 2," is also expected to share the same general design as current models, but will include a GPS radio and barometer for improved geo-location capabilities. A higher capacity battery will be included to power the advanced components, but its size will prohibit Apple's usual generational device slimming.

Kuo also claims that Apple is not expected to change its wearable's form factor any time soon or at least before 2017 and the iPhone-maker might add LTE support for standalone cellphone and data functionality in about a year's time. Improvements on design, better health applications and FDA approval may also come in 2018.

He also expects the company to ship between 10 million and 11 million units of all kinds of watches, up from between 7 million and 7.5 million for 2016.