The maximum complaints are reported from Australia, where people have experienced the issue when they change in daylight saving time.
Particularly, it seems the large Activity complication on the Infograph Modular face is not taking the loss of an hour easily, and instead causing the entire device to crash and reboot. However, out of 24 hours, the particular watch face is reportedly not registering an hour or so worth of activities. Apparently, users who have their Infograph Modular face active on their watch face are facing the problem.
This is caused by the Activity complication, which fails when the time changes by an hour. But now it has been reported that the newly launched Apple Watch has discovered a bug which is the cause of crashing the device. Currently Apple hasn't commented on the issue, but some users have been able to work around the bug by changing the watch face via the Watch iOS app.
This was the reason for the failure of Apple Watch Series 4. "Do not bother putting it back on the charger as it will just continue to drain its battery and reboot", the report added. Presumably, the issue will fix itself tomorrow as well - when the day once again has 24 hours in it rather than the 23 of a daylight saving day.
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Naturally, the Activity issue is a very popular choice for users so the number of users affected is significant.
Users are advised to have some patience until Apple will roll out an update to fix the bug.
It seems likely that Apple will need to patch this issue before daylight saving time ends in Europe on Sunday, Oct. 28 and in the U.S. on Sunday, Nov. 4.