This is all about lack of innovation at Apple, a concern that has reportedly been discussed as high as the Apple board level. Milking profits out of their current products is a great short term strategy, but a failure as a long term strategy. And no, a watch that displays time for less than 3 hours a day won't solve the innovation problem.
Name any company competing with Apple that actually has used 'innovation' to sell products and create profit.
Why are you talking about Apple's watch only lasting 3 hours a day? It's the same (or better) than all other smart watches. (Excluding the Pebble which is using different technology). How is Apple NOT innovating while the others are? Makes no sense. It's just an easy straw man that means absolutely nothing.