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After months of speculation, Apple has launched their first wearable gadget, the Apple Watch.

Billed as a "˜smartwatch', the Apple Watch (not iWatch, as some people thought it would be called) allows you to check emails, message people and do all kinds of other important stuff from the comfort of your wrist.

The Watch is launching in 2015, which gives us all a bit of time to save up some cash (sell some electronics if you need a bit of help). Of course, the big question is do you actually need one? Find out in our surprisingly easy guide!

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There are three different designs for different types of people

Apple unveiled three 'collections' for different kinds of lifestyle: the standard Watch, the Watch Sport and the Watch Edition. The Sport is designed for use when exercising (complete with trendy rubber strap), while the Edition "" which features an 18 carat gold case – is aimed at fancypants executives. There are 18 different designs across the 3 collections.

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It looks amazing

Smartwatch design tends to range from "˜average' to "˜horrendous piece of plastic a 5 year-old wouldn't be seen dead in'. The Apple Watch looks like something you'd see in the window of a high-end jeweller's.

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The watch crown (that's the button on the side) controls all

The Watch's crown is used to scroll through menus and select stuff; it's kind of like a fancy version of the iPod's click wheel.

The Watch still has a touch screen though, complete with technology that measures the pressure of your finger taps.

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You can use loads of apps with it

As well as Apple's native apps, you'll also be able to receive Facebook and Twitter notifications.

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It tells the time accurately

Tim Cook stated that the Watch's time is accurate within 50 milliseconds. Not too shabby!

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It taps you when you get a notification

The Watch administers a little "˜tap' on your wrist whenever you get a notification. This could either be quite useful or extremely annoying…

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It'll make you healthier

Apple's dedicated Health app provides an overview of your activity, while the Watch can track the quantity and quality of your physical activity.

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The OS was designed especially for the Watch

The Apple Watch features a unique OS designed especially for a smaller screen. The home screen is designed to help you find your favourite apps quickly, while the text has been optimised to save you straining your eyes.

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It's got a super-strength screen

Apple didn't use Sapphire glass on the new iPhones (as was expected), instead saving it for the Watch's face. It'll reduce the potential for scratches and cracks.

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You need an iPhone to use it

And a fairly new one at that: the Apple Watch will only work with the iPhone 6 and the iPhone 5. You could always sell your iPhone 4 with musicMagpie if you need to upgrade…

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It's fairly expensive

The Apple Watch will retail for around £216, which is quite expensive when you factor in the cost of an iPhone (and possibly a monthly phone contract too).

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Want to know more about Apple's latest iPhones (yes, there are two of them)? Check out this blog post.

And if you need a bit of extra cash for all these new Apple goodies, why not sell your current Apple stuff with musicMagpie?