Apple held their Spring Forward event yesterday at which they spoke at length about the upcoming Apple Watch and all that it had to offer. They revealed that the cheapest version of the device will cost $349 with the most expensive variation being $17,000. That’s not a typo, but the actual price of the 18-karat gold edition.

The consumer electronics industry is one in which expensive, top-of-the-line products become obsolete shockingly fast, and it’s something of a running joke that you’ll spend hundreds of dollars on a device one year only to spend hundreds more on its successor just a year later. As soon as Apple announced the special $17,000 edition of the Apple Watch, people started making jokes about spending almost twenty-grand on something with such a short shelf life.

Fortunately, an Apple spokesperson has confirmed to TechCrunch that the Apple Watch battery is replaceable, so at least we don’t have to worry about the watch being useless once the battery runs out (which is said to be a three year life span). However, that doesn’t mean there won’t be newer, improved models hitting the market in a year’s time.

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