While just about everything else with a CPU chip in it gets quicker, cheaper, and smaller over time, that law does not seem to apply to smartwatches, and Pankaj Kedia, Qualcomm's senior director and business lead on their smartwatch efforts, can explain why that is. According to Kedia, it's actually fairly simple; the technology behind smartwatches has not quite hit its stride to the point that adding in more features and power can be done on a device that keeps getting smaller and cheaper. Kedia did say, however, that he expects to see a different, but similar law being made up for smartwatches in the near future to help gauge how far the segment has come.
Essentially, smartwatches are a space in which the product is still in the early stages of figuring out exactly what it should be. Kedia says that the current downward trend in the smartwatch space, rather than being a death knell, is proof of that. Qualcomm's position in the tech world, and indeed in the wearable market, affords Kedia a pretty good look at the way things are progressing, and according to him, smartwatches simply haven't found themselves yet. This means that features are always being rotated and tried out in different devices, with no real agreed-upon base standard. This makes it impossible to start working on the sort of design refinements that would lead to the fulfillment of something like Moore's Law.
Kedia's words are nicely reflected in the turmoil currently facing the smartwatch space. Smartwatch sales may have hit a million units in a single quarter, but they are in a serious lull now. One of the first companies to make a mainstream smartwatch, Pebble, has all but gone toes-up. Lenovo, a tech all-rounder that has played a small part in smartwatches and owns somewhat bigger smartwatch outfit Motorola, has announced that they are backing down for the time being. Meanwhile, just about everybody in the smartwatch world, aside from Apple and Samsung, are holding their breath for the final version of Android Wear 2.0 to hit the ground. It seems almost like waiting for the other shoe to drop, and Kedia is convinced that when it does, smartwatches will achieve mainstream relevance.