How Important Is the Smartwatch Market to Apple?

The transcript discusses the Apple Watch's market performance, comparing its launch and sales to competitors like Samsung and LG. It highlights the lack of a product refresh in 2016 and speculates on future changes, focusing on software improvements rather than hardware. The Apple Watch is positioned as a niche product, with the iPhone dominating Apple's revenue. The discussion emphasizes the importance of innovation and market adaptation for Apple to maintain its position.

What role does software play in the future development of the Apple Watch?

In what ways does the speaker believe the Apple Watch will remain a niche product?