This is why you should avoid buying the high-end Apple Watch

Apple Watch Hero Tumble

New reports have suggested the high-end Apple Watch could cost you around $5,000. Here's why you should give that option a very wide berth.

Not much has be known about Apple's brand new product the Apple Watch. Announced in October alongside the new iPhones, since then official news about the watch has been few and far between.

We don't know for absolute certain when the wearable technology will hit our shelves, but what we do know is that pricing would be starting at $350 for the aluminium Sport version of the device. Pricing for the chrome and gold versions has been a mystery, until now...

French Apple website iGen.fr is claiming that the stainless steel chrome version of the Apple Watch will start as low as $500, but prices could stagger all the way up to $5,000 for the top-end gold version. The site is well-known for being reliable with its Apple news, having previously leaked the exact dimensions of both new iPhone 6s before they were even announced by Apple.

If you were considering purchasing the all-new wearable then the only options you should be considering are the aluminium and chrome versions.

Why is that you ask? Well each one of Apple's portable devices, whether it be the iPhone, iPad or iPod, become dated and almost obsolete two-years after they are first introduced.

Take an iPhone for example, a 16GB version of the new 6 will set you back £539 without contract. Next year it's likely Apple will release some kind of 6S and then the 7 the year after. By that time if you wanted to sell your 6 to upgrade you would struggle to get close to half of what you initially paid.

Because the Apple Watch is such a new product we are likely to see significant improvements in the early years of its production; things like a camera or a higher resolution screen are likely to come in future versions. After a year or two of owning an Apple Watch its battery life will also have degenerated immensely and the tech inside it will have become pretty slow and dated.

All versions of the Apple Watch will have a dreadful resale value, but the one you will take the biggest hit on will be the gold version. For the price of a gold Apple Watch it's likely you could pick up a couple of Rolex's and only lose a fraction on resale.