Find my iPhone
if My Apple Watch is using gps & cellular, can I track it on find my iPhone ? Or would my iphone m have to be close by in order to do that?
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Yes you can track it with "Find My" without your iPhone nearby. This applies to both the GPS and GPS+Cellular models. For more info, see:
If your Apple Watch is lost or stolen - Apple Support
"When you use Find My, your Apple Watch with GPS and cellular can use GPS and a trusted Wi-Fi or cellular connection to show you its approximate location. Apple Watch with GPS can use GPS and a trusted Wi-Fi connection. Since Apple Watch Series 1 doesn't have GPS, you'll see the location of your paired iPhone or its Wi-Fi connection."