Apple superfans won't wear this watch because of some feature that makes their lives easier somehow. The first buyers will wear it because they enjoy wearing it from a physical and psychological standpoint.
Are you saying that the only way Apple can sell their products for such a profit (over the raw cost of materials) is because of the Reality Distortion Field? We know that they've been working on this for years with all of the associated costs of designing and developing a product in that time.
People don't buy Mercedes cars because of the high tech in the cars (although that's a bonus). They but them because they're Mercedes cars.
In the same way people don't buy Rolexes to tell the time (although that's a bonus). They buy them because they want to wear a Rolex.
As easy as it is for some of the snobbier techies to dismiss Samsung's or LG's R&D I am pretty sure their smart watches didn't come out of thin air. They simply end up charging less for them because they never imagined them as premium products but rather utilities. They didn't start with a "reality distortion field".