The special edition accessory will be available in select Apple Stores and online across eight countries with two strap length options.

Apple just dropped a new limited-edition, possibly useless, but definitely expensive wearable iPhone accessory: the iPhone Pocket. It’s a cloth purse-like, well, pocket for your iPhone. It seems sort of like a phone chain or strap meets narrow purse. The fabric is meant to stretch to fit not only your phone but also some other necessities.

Apple’s restrained AI spending—$14 billion versus Microsoft’s $94 billion and Meta’s $70 billion—is emerging as an advantage as investors scrutinize massive tech spending. The iPhone maker’s stock is outperforming Big Tech rivals as investors seek a more defensive investment amid concerns about returns on massive AI capital spending.

Apple today released a new update for Safari Technology Preview, the experimental browser that was first introduced in March 2016. Apple designed Safari Technology Preview to allow users to test features that are planned for future release versions of the Safari browser.