Situation making us question frivolous spending causing the market for frivolous goods to shrink, who'd a thunk it?
Wearables aren't an essential product. If you already have one and are facing financial realities, you probably won't fork out for a new one at the current time. If you don't already have one, you probably don't need one at the current time, there are better things to spend money on.
The same goes for all luxury and frivolous goods, like smartphones, I replaced mine as Corona hit. I went to the Amazon site with the thought of cancelling the purchase, but it had already been dispatched (3 days earlier than Samsung had announced). I spent the first 2 weeks humming and hawing about whether to send it back or not. If I hadn't already received it as Corona broke, I certainly wouldn't have upgraded my old phone this year.