Kickstarter is a great idea for for putting a toe in a new market or product category, but if you're still relying on it to fund your 2nd/3rd generation products then you might have to accept that you don't have a viable product.
I looked at Pebbles a couple of times - the always-on display and week-long battery life should have been end-of-argument features for a smartwatch, but they always looked a bit cheap and plasticky, and by the time they were actually available to buy, there always seemed to be a better version 'coming soon' (the good old "Osbourne Effect"). They may have been a lot cheaper than other smartwatches but they still needed to look better than a $30 dumbwatch.
Its looking like there's a modest market for smartwatches, but the killer app is fitness tracking, and dedicated trackers like the fitbit do it better, more affordably and in a smaller package that doesn't add 0.5s to your lap time.
Apples comments about "sell through rates" are information-free and neither prove or disprove anything - apart from smelling of freshly-picked cherries.
Unfortunately, electronic products, particularly miniature ones with lots of custom parts, rely on large quantities to be profitable and affordable.
The avalanche has already started - it is too late for the pebbles to vote - Kosh, Babylon 5.
