Report: Apple to reveal wearable device next month

It appears a new iPhone won't be the only device Apple plans to unveil during its big event in September.

According to Re/code, the company is not only unveiling two iPhones at an event on September 9, but a wearable device. The report does not specify whether the wearable will be a smartwatch, but says it will likely take advantage of Apple's HealthKit suite of fitness and health apps as well as the HomeKit of connected device apps.

Shares of Apple are up 1.2% in afternoon trading.

Reports of Apple announcing a wearable device aren't new. In June, Apple was reportedly planning to produce a smartwatch for launch in October.

Apple would enter a growing market, as more companies plunge into wearables. Google started rolling out its line of Android Wear smartwatches this year, while Samsung and Pebble already have their own smartwatches available to consumers. There's also the separate line of fitness bands from companies including Nike and Fitbit.

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