<div id="readability-page-1"><p>Apple's (AAPL) newest product is extremely low-tech.</p><h3>TipRanks Black Friday Sale</h3><ul><li> Claim 60% off TipRanks Premium  for the data-backed insights and research tools you need to invest with confidence.  </li><li>  Subscribe to TipRanks' Smart Investor Picks  and see our data in action through our high-performing model portfolio - <u> now also 60% off </u></li></ul> <p>Just in time for the year-end holidays, the consumer electronics giant has released the &#34;iPhone Pocket,&#34; a knitted strap or sock designed to hold the smartphone and help people carry it around with them. </p> <p>While some marketing refers to the iPhone Pocket as a stocking stuffer, the price is a little more expensive than most items one might find left in their Christmas stocking. The short Pocket retails for $149.95, while a longer version designed for tall people sells for $229.95.</p> <h2><strong>Apple's Move Into High-End Fashion</strong></h2> <p>The iPhone Pocket appears to be simplistic and looks like a knitted strap that can be worn over a person's shoulder to hold their iPhone. However, Apple insists it is high-end fashion, having been designed in conjunction with Issey Miyake, a Japanese fashion designer known for his technology-inspired clothing.</p> <p>The iPhone Pocket's design and price have drawn divided reactions online. While some people have praised it as a nifty accessory, others have criticized it as outrageously expensive and unnecessary. &#34;$230 for a cut up sock. Apple people will pay anything for anything as long as it's Apple,&#34; wrote one user on social media.</p> <h2><strong>Is AAPL Stock a Buy?</strong></h2> <p>The stock of Apple has a consensus Moderate Buy rating among 35 Wall Street analysts. That rating is based on 21 Buy, 12 Hold, and two Sell recommendations issued in the last three months. The average AAPL price target of $289.17 implies 8.17% upside from current levels.</p></div>

AAPL

<p>Apple has launched the 'iPhone Pocket', a knitted strap designed to hold iPhones, in collaboration with designer Issey Miyake. Priced at $149.95 for the short version and $229.95 for the long version, it has sparked mixed reactions online. Despite its simplicity, Apple markets it as high-end fashion. The product release comes just in time for the holiday season.</p>

- Apple's latest product, the "iPhone Pocket," is a knitted strap designed to carry smartphones, priced at $149.95 for the short version and $229.95 for the longer one.  
- Developed in collaboration with fashion designer Issey Miyake, the product has sparked mixed reactions, with some praising its design while others criticize its high cost.  
- Apple stock (AAPL) holds a consensus Moderate Buy rating from analysts, with an average price target of $289.17, suggesting an 8.17% potential upside.

In Time for the Holidays, Apple (AAPL) Launches the 'iPhone Pocket'