Those who owned smartphones before Apple came out with the iPhone (and who argued to anyone who would listen, that the iPhone wasn't even very "smart") will take exception to your assertion that the smart phone category was created by Apple, while the smart watch category was already mature.It doesn't help Apple's image either. Other than the original iPhone (which was a brand new market category for the entire cell phone industry - which the watch is not), I don't think Apple has ever dropped the price on a product less than a year old without releasing a new one to take its place.
Very telling.
Or were you talking about some other category? If so, what is that category called in the industry press?
In what ways does lowering the price on the year-old Apple Watch damage your personal opinion of Apple?