That's only because smartwatches up until now have not been fashionable. That's also why they are so unpopular.
Apple is approaching this just as much as a piece of jewelry as they are a piece of technology. It should be pretty revealing when it comes out to see it spread through the consumer market. My guess is that once it is out there you can expect people to crave these things more than they did the original iPhone, not due to the technical abilities or feature set but because they want to be the envy of their friends. If the thing is ugly, then it will bomb, but if it takes on the perception of an expensive, luxury watch then expect to see them everywhere.
If the thing looks good I can't even imagine how many of these things they are going to sell next christmas.