SAN RAMON, Calif. (AP) - Apple is introducing a cheaper version of its smartwatch, its latest attempt to broaden the appeal of its trend-setting products while more consumers are forced to scrimp during ongoing fallout from the pandemic.

The scaled-down Apple Watch follows a budget iPhone that came out five months ago as the pandemic caused unemployment rates to soar.

Apple took the wraps off the new discount watch in addition to a new high-end model, a next-generation iPad and a new subscription service during a virtual event held Tuesday.

New iPhones are expected later this year.

(Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.)