Despite what a third-party teardown claimed earlier this week, the official specs sheet for the new Apple Watch Series 4 revealed that the new models have smaller battery capacities than last year's Series 3 models.
In the official specs sheet, the Apple Watch Series 4 models are listed as having less battery capacities than their counterparts from the Series 3.
Based on the data presented, the 44mm Series 4 model has around 16.5 percent less battery capacity than the 42mm Series 3 model.
Apple even boldly markets its Series 4 smartwatches as having the same 18-hour battery life as their predecessors.
According to (https://appleinsider.com/articles/18/09/25/apple-watch-series-4-has-smaller-batteries-than-series-3-official-specs-show) AppleInsider , the battery life of the Apple Watch Series 4 models are just as long as that of the Series 3 models because of the improved power consumption of the former.
Holders of Series 3 Shares have the right, at their option, exercisable not later than 5:00 pm (Toronto time) on December 18, 2017, to elect to convert all or part of their Series 3 Shares, on a one-for-one basis, into Cumulative Floating Rate Preferred Shares, Series 4 (the "Series 4 Shares"), effective December 31, 2017.
The quarterly floating rate dividends on the Series 4 Shares will be paid at an annual rate, calculated for each quarter, of 3.46% over the annual yield on 90-day Government of Canada treasury bills.
As provided in the share conditions of the Series 3 Shares, if Northland determines that, after giving effect to the election notices received to convert Series 3 Shares, there would be fewer than 1,000,000 (i) Series 3 Shares outstanding after December 31, 2017, all remaining Series 3 Shares will be automatically converted into Series 4 Shares on a one-for-one basis effective December 31, 2017; and (ii) Series 4 Shares outstanding after December 31, 2017, no Series 3 Shares will be permitted to be converted into Series 4 Shares.
Northland intends to apply to the Toronto Stock Exchange ("TSX") to list the Series 4 Shares effective upon conversion.