Sales are declining, which is dire for the market, considering the product niche is new and should be going through its explosive growth phase.
As for me, I’m very happy with my Pebble Time watch. I don’t necessarily think of it as a smartwatch. I think of it as a $100 wristwatch with a built-in timer and alarm clock. It receives iPhone notifications and I can read those notifications without pulling out my iPhone. The Pebble allows me to keep my phone in silent mode 24×7, reducing annoyance to myself and the people around me. The watch tells me the weather, and when I travel I can use it to check my itinerary more easily than pulling out my phone. So, yeah, I guess it’s a smartwatch.