Cellular Connectivity: The Next Big Catalyst for Apple Watch?

During its highly anticipated product event on Tuesday morning, Apple (NASDAQ: AAPL) announced a range of new products, including the latest iPhones and a new Apple TV and Apple Watch. While Apple's new iPhone X unsurprisingly stole the show, investors shouldn't overlook one important new aspect of Apple's latest version of its smartwatch: cellular connectivity.

Cellular connectivity comes to the Apple Watch as the new product line is seeing massive sales growth. Indeed, Apple said on Tuesday that the device is no longer just the best-selling smartwatch, but is also now the best-selling watch period. As a major new feature that takes the utility of Apple Watch to a whole new level, released amid the Apple Watch's rapidly increasing popularity, cellular connectivity could be a major catalyst for the important device.

Apple Watch Series 3. Image source: Apple.

Source: Fool.com