I don’t see it the same way.
I think smart glasses will be targeted for a niche population just like how VR/3D played out so far. Can you imagine having AR glasses with polarized lenses, fashionable, platform independent, ubiquitous, long battery life, and maybe with Rx prescription? It’s a mountain to climb right now.
If Apple wants to lead the charge from a consumer perspective, that’s great. It will be a while till they can even possibly hit all those bullet points, and I’m sure competitors will end up trying to do what Apple did to them.
That’s precisely what I expect Apple to do - sell an entire line of Apple Glasses including various lenses (prescription, light-responsive, polarized, and clear). There would also be different sizes for men and women.
The sheer logistics involved would be one additional advantage for Apple over the competition, because few companies are going to have the resources to offer such a wide lineup of options for every permutation of customer.
The prescription lenses carry the important implication of Apple Glasses following Apple Watch in potentially qualifying as an item covered by insurance plans. In addition, prescription glasses can be bought using flexible spending or health spending account dollars, indirectly subsidising said product.
As for VR, I suspect the reason why it remains so niche is because it currently requires costly, specialised hardware in order to get the full experience (strapping your phone to your head doesn’t count). Its exclusive nature also means that you are limited by how much time you can set aside for it (ie: every minute you spend in VR is a minute you aren’t doing something else, and vice versa).
AR complements your daily routine, so barring battery life constraints, there really isn’t any reason why you could not wear a pair of Apple Glasses for the entire day.
Moving on, there are numerous reasons why I believe Apple is uniquely positioned to succeed in AR glasses.
1) Apple controls both the hardware and software. We have seen how the Apple Watch has taken off (and how Android Wear has floundered). In terms of technology, Apple also has their own custom processors, will probably fork iOS into GlassOS, W1 chip, Face ID (for gesture control), owns Siri, and has been investing heavily in miniaturisation (basically making their products thinner and lighter).
2) Apple has experience manufacturing wearables thanks to the Apple Watch and airpods. These lessons will prove invaluable when it comes to smart glasses.
3) Apple is seeding the ground for AR by baking support for it right into iOS. An engaged base of iOS developers experimenting with ARKit will give Apple Glasses a hospitable app environment.
4) Apple gets fashion and luxury, moreso than any other tech company out there.
5) Apple stores give Apple prime space for product demos and maybe even opportunity for customers to get their glasses customised.
Apple has spent years seeding the battlefield and manoeuvring into place just for moments like this. This is why I don’t think Apple will (or should) release a foldable phone. Apple Glasses is going to eventually make the need for a larger phone display moot, by offering a display as large as your entire field of view.
Apple glasses are inevitable, IMO.