The Apple Watch 2 could come as early as June.
If you believe a recent analyst report, than the Apple Watch 2 is already coming in June at the WWDC 2016. I don't believe that is going to happen. Apple is going to switch to a Holiday season release cycle for the Apple Watch.
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Today there is some news from the supply chain for the Apple Watch 2. These do though not necesserily mean that the production will start now. Digitimes reports that Advanced Semiconductor Engineering (ASE) has landed the majority of SiP module orders for the Apple Watch 2. ASE was the sole provider of the SiP for the original Apple Watch.
Apple also has awarded contracts for the Apple Watch 2 SiP to Amkor Technology and STATS ChipPAC, a unit of Jiangsu Changjiang Electronics Technology (JCET).
Apple has diversified component suppliers for the Apple Watch 2 if the reports are true. This usually means that Apple is expecting higher volumes. The Apple Watch 2 is expected to be 40% thinner and run on the S2 SiP.
The new Apple Watch 2 needs to be a significant upgrade to get the Apple Watch to the next level. The one year old gadget got rather bad press on its first birthday a couple days ago. The Apple Watch is still hunting its killer feature. I own an Apple Watch. I like it because it adds some convenience, but not enough to for me to recommend it for the price.
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There are cheaper fitness trackers that do what I use the Apple Watch for, which is tracking my runs and get notifications for calls and messages.