>> I'm guessing things like the iWatch, phones, and tables will be fashionable, high margin products built to 1) be easy to use 2) look very good and stylish rather than have the most features...

That seems like the smart way to go. Regardless of the features, for most people, it's a fashion accessory first. Take Google Glass for example. I tried one for a week. It was cool tech and I could see how it would be useful for me but there is no way I wearing that thing. Same goes for the watches.