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The gold Apple Watch will leave your Apple Wallet empty with rumours of $5,000 price tag

By John McCarthy | Media editor

Apple

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November 5, 2014 | 3 min read

Apple’s luxury watch - made of actual gold - has been touted to retail as high at $5,000 when it is released next year, as the electronics giant looks to dethrone Rolex as the king of the luxury wristwatch.

The company said the entry-level smart watches will retail from $349 but that it will also produce a special edition 18-carat gold version of the device. This will go for as much as $5,000, according to French tech site iGen which quoted an anonymous source.

Apple's Rose Gold smartwatch has been touted to retail as high as $5,000

The French site correctly leaked the dimensions of the iPhone 6 and 6 + earlier this year and the $5,000 price tag matches a prediction from prominent Apple blogger John Gruber.

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Earlier this week it emerged that the wearables are set for a spring 2015 release following the leak of an Apple memo from the firm’s senior vice president of retail and online stores Angela Ahrendts.

The Apple Watch will be a hefty investment for consumers, especially as the firm’s chief executive Tim Cook admitted that it will probably need to be charged once a day.

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