India, Nov. 12 -- Apple has unveiled a new limited-edition accessory for the iPhone, and it's causing quite a stir online. Called the iPhone Pocket, the accessory is essentially a luxury "sock" for your iPhone, designed in collaboration with the Japanese fashion label Issey Miyake. Meant to evoke nostalgia for the early-2000s iPod Socks, the new iPhone Pocket reimagines the concept in true Apple fashion, minimalist, premium, and expensive.

The iPhone Pocket is made from a 3D-knitted stretchable fabric that snugly fits around your iPhone. It's not just decorative, the fabric can expand enough to let users peek at their iPhone screens without fully removing the device. Apple describes it as a "wearable pocket," suitable for both functional...