First:
“Personally, I don’t believe it’s the next revolution.”
And:
“Replacing an iPhone with an interactive terminal on your wrist is difficult. You can’t have an immense display.”

The first comment reminds me of Palm saying PC companies (aka Apple) can’t just walk in and disrupt the mobile phone industry. The second comment shows how much this CEO doesn’t have a clue about how an iWatch would be complementing an iPhone, not replacing it.