Apple shares are down 1.82% on Wednesday following disappointing reviews of the Apple Watch Series 3.
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Apple is slipping after disappointing reviews of the new Apple Watch (AAPL)
Apple's stock is falling after reviewers of the new watch blast it for not working as well as advertised.
At its recent product launch event, Apple said the Series 3 would be available with an LTE cellular connection, which theoretically would allow users to make phone calls and stream music without carrying their phone.
Reviews of the new watch were posted on Wednesday morning, and most were users were disappointed with the product.
Some marquee features of the watch, like voice calls and Siri, failed to work reliably because of its shoddy cell connection.
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The cell connection, which costs $10 a month, drains the battery quickly according to most reviewers. Many experienced about half a day of battery life from the watch when using the cell connection heavily.
“When Apple Watch Series 3 joins unauthenticated Wi-Fi networks without connectivity, it may at times prevent the watch from using cellular," Apple said in a statement. "We are investigating a fix for a future software release.”
Apple is up 34.15% this year, including Wednesday's drop.
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