Originally Posted by PaulMJohnson
I think you're right, I suspect there is going to be a new market segment created by someone
and hopefully Apple.
From what I anecdotally see, people who either can't afford, or don't want to wear an expensive watch everyday, seem to have all but stopped wearing watches, based on the fact that they have a more accurate clock than any watch in their pocket, on their phone.
Finding a way to get that huge segment of the market to wear something on their wrist again is a hell of an enticing prospect.
The high end watch market is somewhat irrelevant, since a smart watch could be additive to that. My everyday watch is a $5000 Breitling. It's clearly overkill for everyday use, but I can't (or won't) justify buying a cheaper watch that just tells the time for everyday use. I would consider buying something in the $500-$1000 price range if it did more than just tell the time.
Long before we heard of Apple making biometric buy ups and hires I stated that I think that is the ticket to a wearable since it's the one area that phone, tablet and "PC" can't easily do. Even with the iPhone having pedometers and heart rate monitors it's still not a great solution.
Fitness wearables can be useful but they are isolated in their utility and feature set to move a market. They are essentially the PDA before the iPhone came along.
I'd love for Apple to announce something next week and it seems like something might drop this year, but looking at the state-of-the-art I still question if the technology is yet available to be a fashionable watch, have a worthwhile set of biometrics, work with your iPhone well, and have good battery life? So far I've only seen 2 or 3 (at most) all at once, but not all 4.
PS: I doubt the price will be $500-1000 range but perhaps Apple has considered putting the same HW in cheaper casings and more expensive casings specifically for this particular market. That said, buying a luxury watch isn't going to become obsolete and it last you a lifetime, could be given away in your will, and might appreciate, but a computer on wrist will not that likely suffer the same fate and I'm not sure how many people will want to spend $500, $1000, of $5000 every year or two for a new iWatch.