I have been having a similar discussion in another thread but I think another thing I could point out that I wasn't before is that iPad and iPhone are both clearly devices that can expand technologically whereas the watch I can't really think of much they could do. In fact, most of what the watch does right now is actually less than what a lot of people expected it to be in the first place. The iPhone and iPad areas still have room to expand. The watch is more like the original iPod lines; it could have incremental improvements overtime but it will remain largely the same at the end of the day. Like the original iPod, this has several different models as well meant for different price ranges, and if the iPod is any indicator, those prices will go down overtime. It didn't cheapen the brand, it didn't cheapen the value, it in fact made it a bigger value to the customer. And Apple won't "eat stock" either. They haven't done that for over ten years. What Apple will likely do is artificially restrict demand to around 5 million for the first 3-4 months. I have no doubt that Apple is selling this to a different class of customer than they normally do. The blind Apple faithful and the upper middle class on up that have nothing better to buy, and theres at least good 5 million of them to eat the high prices and/or lack of functionality. And Apple isn't going to abandon this. The company and it's CEO seems pretty damn sure of themselves that this is the next chapter. Going so far as artificially inflating any hype it has around it through various means.
Ugh... This post is so convoluted & all over the place; its a bit difficult to know how to approach this, but here goes-
As to your main point: it absolutely makes no sense. Look you could say either of these two things as an opinion, & make sense... "I think that the Apple Watch does so little currently, and people were expecting so much more... that, and the fact that it is currently tied to your phone tells me that it will be going through some major changing and overhauls in the next few iterations" OR you could say "wow, I think the Apple Watch does so much more than anybody expected, they certainly won't be needing to change the functionality much for quite some time". However, what you CANNOT do & still make sense is blend them, as you have and essentially say "the Apple watch hardly does anything, much less than most expected... so they'll probably leave it like that for the foreseeable future". Ummm... lol, huh???! That's like saying "if it looks like a duck, walks like a duck, and quacks like a duck, it's probably... a squirrel ". Your conclusion is in DIRECT argument with the statements leading up to it.
Oh, and then I'm pretty sure you are confusing the terms supply & demand... which are antonyms, so your point gets REALLY dodgy. I'm talking about the phrase "Apple will likely artificially restrict demand..." Ummm... again, huh?? They are producing the supply, NOT the demand. We, the consumers, provide the demand. The only way they could artificially restrict demand is to publicy come out & denounce their own product, begging people not to buy it. So... I'm going to assume that you meant "Apple will likely artificially restrict supply..." While this is TECHNICALLY possible, and is a pet conspiracy theory of some every time an Apple product is suffering a shortage due to incredible popularity... it is HIGHLY unlikely, & certainly has never been shown to be true. Quite to the contrary, Tim stands in front of shareholders each quarter and gives hard fact & figures of how many millions of devices they've churned out and how many tens of thousands of new hires in China and many new factories have supported this and states "we are absolutely building these as fast as we can and want to sell them to you". Only the very, very most distrustful conspiracy theorists believe he's lying to them all, for the nefarious purpose of selling LESS product. Again, this doesn't make sense. These people are literally in the business of building & selling devices. If anything, not being able to purchase a 6+ without waiting a week or so likely wards a few away, not toward.
Lastly, the phrase "artificially inflating any hype" is an incredible misnomer. Let's see... so far Apple has made a webpage to show details of their product, announced it at a preplanned event amongst other announcements, briefly showed some at a boutique, & let one woman wear one for a photo shoot. NONE of these things are artificial. They are quite real & normal ways to promote a product. Artificially inflating hype would be forcing celebrities to use your product on film through endorsement agreements whether they like using those products or not... like Samsung did at the Oscars & Bose is doing in the NFL. Or lying about preorders... or having planned leaks at set intervals. At any rate, Apple has had a clean and low key campaign so far... we have yet to see a single tv spot. Obviously an overhyped product would be media blitzing. That statement was simply factually inaccurate.
I wish there was a part of your post I could agree with, I do appreciate reading your opinion, whether it makes sense to me or not.