A wearable apparatus for holding a device is disclosed herein. The apparatus comprises at least one wrist strap and a mounting base supported on the at least one wrist strap. A holder base is coupled to the mounting base. The holder base is configured to hold the device. The holder base is coupled to the mounting base by either attaching to the mounting base or by being suspended away from mounting base. There is further at least one retracting cable spool for facilitating the suspension of the holder base away from the mounting base. Additionally, there is at least one connector disposed on the holder base for facilitating connection of cable from the at least one retracing cable spool. If a user should accidently drop the device the apparatus prevents the device from hitting the ground, thereby preventing any accidental damage to the device.