iWatch price and release date: Available in 2015 for $349

The iWatch price and release date have officially been announced. The announcement came at a special Apple press conference on Tuesday afternoon outside of the Flint Center for the Performing Arts in Cupertino, Calif. 

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We learned that the iWatch will be available in early 2015, though a specific date was not provided.

As for the price, it will begin with the cheapest model of the wearable technology at $349.

There is one catch, however.

In order to use an iWatch, you will need to have an iPhone 6.

SEE ALSO: iPhone 6 price and release date

When you get a notification on the brand new iWatch, it will feel similar to a tap on the wrist.

It will charge with a magnet attached to the back.

The iWatch was a highly-anticipated device as people waited for Apple to dip their toes into wearable technology and it certainly looks like it will be a great device.

Here is a first look at the brand new iWatch.

There will be three different versions of the iWatch.

What feature of iOS 8 are you looking forward to the most and will you be heading out to purchase your new iPhone 6 on Sept. 19 or an iWatch in early 2015? Were you happy with what was announced at the press conference on Tuesday? According to the early reaction, most people seem to be pleased.

Be sure to let us know your thoughts by sounding off in the comments section below.