It's only outdated if you don't want a dedicated device for time. Some of us do want or need such a device, preferably one that doesn't need to be recharged every 24 hours, do a bunch of shit we don't care about, and occupy half of our lower arms. A nice looking watch is also a fashion statement; I'm not talking Rolex level (although you can certainly do that), just something that looks halfway decent and goes with most of your wardrobe.
There's still a market for dedicated devices. What does a smartwatch give me? Don't need it for fitness, it will never compete with a decent runner's watch for durability and ease of use. Don't want it for time, my real watch is less cumbersome and has a battery life measured in years. Can't do anything productive (e-mails, shopping lists, etc.) with it that I can't do better with my smartphone. Directions? That might be an argument, but again, how is the watch better than my phone? I've gotten around foreign cities where I don't speak the local language using my phone and Google Maps. Where's the game changer in doing the same with my watch?