Apple releases Apple Watch, new supersized iPhones with payment system

Apple released its much-anticipated smartwatch Tuesday, the first new device for the company since its founder Steve Jobs died in 2011.

Called Apple Watch, the device, besides telling time, will have broad applications, the company pledged. It will be able to unlock doors to hotel rooms at Starwood hotels next year. Users can check into airlines, get directions as well as accomplish some basic tasks that are familiar to smartphone users, such as send out tweets, reply to messages and answer and make phone calls. The price starts at $349; the watch will be available early next year.