Issei Kato / Reuters
The first Apple Watch was unveiled in September 2014 and released in April 2015.
Gurman reports that Apple will unveil new software updates for the current Apple Watch during a March event. One of the new features include the ability to sync multiple Apple Watches to a single iPhone.
There will also be new bands made of different materials.
Apple is also rumored to announce a new iPhone 5se during the same March event.