In exchange for charging my cellular watch every night, I get a device on my wrist that can make phone calls, stream music, store 16GB worth of music, has GPS for when I run, monitors my heart rate, gives me notifications and let’s me send messages.
If I went into coma in 2009 and the most advanced piece of technology that I knew at the time was the iPhone 3GS or the then current laptops and woke up in 2022, I would be much more impressed with the Apple Watch than any other piece of technology.
(I've had people tell me that you just put an apple watch on the charger overnight. Then why does it have a sleep tracker app that requires the watch to be on your wrist?)
We didn't get downgraded. The "dumb watch" product category is still alive and kicking. Whether it's the more moderate priced quartz segment, or the less moderately priced mechanical segment it's not even slightly dying. What we've gained is choice.
And I say this as someone who would never buy a smartwatch because it would need charging. I have a perfectly decent Citizen analog watch that has worked perfectly every day since I bought it five years ago (not even needing a battery change because it's solar powered). I occasionally consider splashing out on a mechanical watch, but even a 3 year servicing interval would be tedious.