Sorry Constable, but this is just too wacky to let slide. Institutions and mutual funds own 62% of Apple. At the current market cap, that amounts to $280 billion. Do you really think they would invest that much if they thought Apple was going under?
I hope Samsung spends tens of millions of dollars advertising this. They won't sell very many, but they will plant the idea in people's minds that a wrist-wearable device might be useful. Then when Apple releases something superior, there will be instant acceptance and demand.