Christopher Mims

Just because Steve Wozniak takes a shot at Apple doesn't mean he's wrong. Woz recently declared that the current generation of wearables, including the Apple Watch, are "not a compelling purchase."  He says that his Apple Watch is "an expense that has brought me a few extra niceties in my life," but generally is frustrated that wearables don't have enough computing power and are mostly still dependent on a linked smartphone for many of their functions. He's not alone in his skepticism.  A trio of analysts from Pacific Coast Securities see trouble ahead for many wearable manufacturers, as "value creation shifts away from the thing itself, while the associated ecosystem, software and/or service tend to deliver the real intelligence that the things provide"...