Reports from reliable French website iGen.fr indicate that Apple Inc. (NASDAQ:AAPL) fanatics will have to shell out more, than earlier reported for the upcoming iWatch. The website claims that Apple Inc. (NASDAQ:AAPL) may do away with the initial price tag of $349 and instead quote the Smartwatch at $500.

Release Date

The revelation also came with the announcement that Apple Inc. (NASDAQ:AAPL) was planning to launch a gold model of the watch that will go on sale for between $4,000 and $5,000. The $500 watch will reportedly be polished in steel or black. Other quarters are already reporting that the gold watch may go for as high as $10,000.

The French website also claims that Apple Inc. (NASDAQ:AAPL) plans to unveil the watch sometime in April in time for valentine as it seeks to command impressive sales with people buying the watch as a gift for their loved ones.

Apple Inc. (NASDAQ:AAPL) retail Chief Angela Ahrendts has already stated that the watch may launch sometime in spring in line with the Chinese New Year. IGen.fr remains a reliable source of information having accurately reported that Apple would launch both 4.7-inch and 5.5 inch iPhone at the September event. The site has also in the past provided reliable information regarding iPod touch update.

Apple Watch A Fashion Statement

Apple Inc. (NASDAQ:AAPL) will be targeting the fashion market with the watch, given the Smartwatch market is yet to take off with minimal competition in the space. The watch will reportedly pack Near Field Communication capabilities that will allow users to use Apple Pay to pay for goods and services. The watch is one of those devices that iPhone 6 users will love to own on the fact that both complement each other.

Apple Inc. (NASDAQ:AAPL)’s Apple Watch will roll out in three flavors of Apple watch sport, gold Apple Watch that will be pricier and an entry-level Apple Watch that will be the cheapest. The higher end watch will reportedly pack an 18-carat gold case and Saphire crystal display.