while new I/O devices like augmented reality, wearables, or voice are natural extensions of the phone.
I don't agree with this at all. This is like saying "the internet is a natural extensions of the operating system, therefore Microsoft Windows will remain all powerful and the sole route to consumers"
Bill Gates in his famous memo realised that this wasn't the case, and Google realized that mobile did to the internet what the internet did to Windows (hence Android).
Wearables are radically different to phones. People want to use them differently, and interact with them in different way to how they do with phones.
To be clear: We are in the very early days of wearables, and Apple is far and away the dominant player (and maybe Garmin). But there is huge disruptive potential here.
I don't agree with this at all. This is like saying "the internet is a natural extensions of the operating system, therefore Microsoft Windows will remain all powerful and the sole route to consumers"
Bill Gates in his famous memo realised that this wasn't the case, and Google realized that mobile did to the internet what the internet did to Windows (hence Android).
Wearables are radically different to phones. People want to use them differently, and interact with them in different way to how they do with phones.
To be clear: We are in the very early days of wearables, and Apple is far and away the dominant player (and maybe Garmin). But there is huge disruptive potential here.