[Update: John Gruber adds that a new form factor is coming this year too:

“It’s hard to overstate just how big a deal this could be. No mention in Businessweek’s report, though, of the all-new form factor that I’ve heard is coming for this year’s new watches.”

This would mark the first external change since the Apple Watch debuted.]

Bloomberg reports that Apple is planning to release an updated Apple Watch model by the end of this year with built-in cellular connectivity. Bringing cellular connectivity to the Apple Watch has been rumored before but didn’t ship with the last revision which instead focused on GPS.

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