Consistent with Apple’s vision-less execution, in recent years, they’ve taken [an event] that had real cache, that “one more thing” was exciting. It wasn’t necessarily every time, hint-hint. It was like, “We’ve got something special that we want to do and it’s really going to take your breath away.” They’ve totally piddled that away.
I think they’re just totally out of touch. If you go into Whole Foods in Cupertino, CA, you’re gong to find yourself surround by a lot of people who look like they could and would support the iPhone and the Apple watch. You’ll see a lot of those people. You’ll even see people using both of those devices. That’s the bubble that Apple lives in. I’ve been to that Whole Foods, I’m talking about a very specific place here.
If you go and randomly pick 100 towns in the United States. If you had a random generator and you went into whatever is the closest thing to a Whole Foods in those towns. Most certainly wouldn’t have Whole Foods, right? You’re probably going to end up in more mass market supermarkets and if you observe the people in those places you will immediately realize that there is no market for this beyond the very small-high percent.
Again, what are you creating? The iPhone has penetrated into those markets. You’ll see people who, from a socioeconomic perspective, look like they probably couldn’t or shouldn’t be spending money on that kind of thing, but they are armed with their smartphone. Adding an expensive watch into that ecosystem is just stupid.