“....But not many people.”
The global watch industry is a +$60 billion per year market.
If you combine the watch industry with the wearable technology industry, you are talking about a very large market.
“I’m talking about your average, every day user that really has no need for a watch anymore.”
Again, you are defining watch as “a device used to tell time.” That is not the primary purpose of watches at this point in history - nor Apple’s entry at all.
Further, adding functionality beyond time attracts people who like you who don’t want a watch to tell time, but may be attracted to tracking sports activities, calories, blood pressure, or whatever.
“In 50 years, the concept of a watch will be somewhat of a novelty item.”
Before I take that bet, what kind of track record at fortune-telling do you have? As long as people have wrists, something will sell.
“To me, they already are.(haven’t worn one since I was a child)”
me neither, but that only means you and I are not the customer this is designed to attract.
When it comes to technological innovations I haven't been wrong yet, but I'm still relatively young. 17 years ago I told my friends that traditional movie outings would become obsolete as more people had access to increased bandwidth, and there would probably be a way to stream newly released movies into their living rooms. They told me I was full of it. (that's taking place right now, but it isn't quite there yet). There were several others too, but I don't feel like writing about it. That's just one example.
I watch a lot of Poker tournaments and among the more successful players there seems to be an obsession with expensive watches, some look like they should be hanging on a wall somewhere.
I haven't worn a watch for many years, don't need one now, but the iWatch is hardly a watch, like the iPhone it is a fair phone connected to a really powerful computer. The iWatch requires an iPhone to function which most have seemed to not notice.