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Apple Watch offers new way to communicate, pay

In a sea of smartwatches, the Apple Watch stands out with new tricks -- including Apple Pay. CNET's Bridget Carey sums up Apple's new Watch, payment system and two iPhone 6 models.

This story is part of Apple Event, our full coverage of the latest news from Apple headquarters.

Apple packed more than usual into its yearly iPhone event. The company unveiled two new larger iPhones: the iPhone 6 and iPhone 6 Plus . It's offering a new way to pay at stores and online without a wallet. And it introduced a new product -- the Apple Watch . But what took Apple two hours to reveal, you can learn about in less than three minutes:

Now playing: Watch this: Apple Watch offers new way to communicate, pay
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Apple Watch offers new way to communicate, pay