Customers don't want an Apple Watch because everyone has upgrade fatigue. Nobody wants to purchase a piece of jewelry that has to be replaced every 12 months because it has become obsolete.
True, they want to purchase a piece of jewelry every 12 months because they like the way it looks.
There's around 500 million potential customers for the Watch based on the number of activated iPhones worldwide. There's enough room there for everyone to get what they want and Apple to make massive profits.
But if they don't upgrade every year or even sooner, then they are losing both new customers who have already passed on the watch, and customers who will buy the new model because it looks nice. It's not unusual for people who wear watches to buy several watches, some as often as every year or two, and now that Apple has made it possible to pair more than one watch with a phone, that makes it even more likely that such people will do it for an Watch.
At the end of the day, there's no reason anyone has to upgrade every year anyway, unless they want the new features. However, people do "upgrade" their fashions every year just because of the way it looks. And that's how I thought Apple was going to do this differently, but they seemingly thought they'd get buy on the cheap by doing it only with the bands.
It's the cynics in all of us who think Apple will drop support for a watch within 5 years like they do with the phones, but the reality is, the watches don't have to work that way, unless Apple continues to treat it like a tiny iPhone, and force upgrades to drive sales.
The iWatch is what happens when you run out of ideas. Steve's idea list is now blank so they need to try to figure it out on their own but design by committee always fails. The iWatch is an example of the slow rotting of Apple.
It's come out that Steve knew about the Watch. So, no. We've yet to see something Jobs wasn't involved in.
If Apple puts a facetime camera on this and not GPS it will prove they have no idea what the point of this product is.
Of course they do. If nothing else, a FaceTime camera will drive sales among the selfie-taking crowd. Nothing more convenient than having a camera embedded in your wrist when you want to take a spontaneous selfie.
This is incredibly evident by Tim Cook's comments during keynotes, and adding the ability to shoot photo bursts, and Retina Flash, not to mention improving the front facing camera well beyond what's necessary for FaceTime.