Apple Watch 2 news: Will the smartwatch arrive in time for Apple's March 21 event?

Along with the devices speculated to arrive this March 21 for Apple's media event, a smartwatch is also rumored to be a part of the list: the Apple Watch 2.

Since the initial release of the Apple Watch last year, rumor has it that a new Apple Watch 2 is making its way to the market this year. On the other hand, the hopes of it arriving in time for Apple's keynote event this year seems to be fading. According to a report by Engadget, a new Apple Watch being introduced this upcoming event is a "long shot," despite the tech giant's penchant for annual releases.

Tech Crunch interviewed Creative Strategies analyst Ben Bajarin, and based on his observations, supply chain checks show no indication that a new Apple Watch model is in development as of this time. "We are observing some interesting new patterns in Apple's supply chain that are making the waters more murky than before. As with the current edition of the Apple Watch, no one really saw that coming via supply chain so it is possible to not see it. However, the Apple supplier warnings of soft revenue ahead do seem to cause one's eyebrow to raise when thinking about a new product supposedly shipping in a few months," Bajarin explained.

In terms of specs and features, there are speculations that the Apple Watch 2 will sport a FaceTime camera. However, there are also claims that the changes to expect from the smartwatch will just be minor tweaks under the hood. Not much exciting news for the tech savvy but as reported by 9 to 5 Mac, the Apple Watch will sport various new bands, like rubber sport straps in different colors, Hermes branded versions, a new Milanese loop in black as well as a fresh line of Nato bands.

The Apple media event on March 21 at 10:00 a.m. Pacific Time time will be streamed online at the Apple website.