From a starting price of $349, the Apple Watch can now be purchased at $249 in some retail stores. However, the gold Apple Watch Edition is still valued at $17,000 and its price is unlikely to go down regardless of the advent of the Apple Watch 2.
There are also reports going around that the Apple Watch 2 would come out with an OS 3 because the Apple Watch is now running on the OS 2.
According to rumors, the OS 3 would allow the smartwatch user to do more things with the wearable without having to be paired with an iPhone. That would become possible with a new wireless chipset that would allow basic communication tasks to be handled without the need for an iPhone.
The technology shall also mean that lost Apple Watches could actually be found using Wi-Fi triangulation.
In addition, there are also reports that the Apple Watch 2 shall have a video camera to allow users to make and receive video FaceTime calls rather than just audio ones.
There is a possibility that new models could be launched too other than the standard, the sport, and the (gold) Edition versions. The difference would most likely be on the type of materials that Apple will be using on the Apple Watch 2 that could possibly include titanium, platinum, or even liquid metal.