https://www.cnet.com/news/apple-watch-series-4-unboxing-whats-in-the-box/

The slimmer, bottom box-within-a-box is the included strap. It's exactly what you'd get if you were to buy the strap separately.

Check out the full unboxing video (above) and our ongoing review of the Apple Watch Series 4. And stay with CNET in the coming days and weeks for lots more testing and comparisons on the new Watch.