London (CNN) — Apple has built its reputation on cutting-edge devices and sleek design, but the company’s latest product is decidedly more low-tech.

The iPhone Pocket is a knitted strap developed in conjunction with fashion designer Issey Miyake, “born from the idea of creating an additional pocket,” Apple ( AAPL ) announced in a statement Tuesday.

Designed to fit any iPhone, the Pocket will be released Friday and will be available in a range of colors.

“Apple and ISSEY MIYAKE share a design approach that celebrates craftsmanship, simplicity, and delight,” Molly Anderson, Apple’s vice president of industrial design, said in the statement.

“This clever extra pocket exemplifies those ideas and is a natural accompaniment to our products,” she added. “Its recognizable silhouette offers

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