Phone bans in schools, page-34

Multiple companies can make a watch to compete with Spacetalk. Just like anyone can make a product to compete with any other products. Does that stop investors from investing in any company that faces competition? Products take time to develop, debug and perfect. Apple is currently facing its own competitive problems with their target adult market. I think they have their hands full with that problem in that much bigger market to not be too much of a threat. I could be wrong but that's the way I see it for now.

JB Hi-Fi, Spark and the UK distributors/telcos are not sitting around waiting to see if Apple or anyone else comes up with a similar product. It may be years away. Why should we wait to see? By then Spacetalk may have captured a very sizeable chunk of the market.
It is a relatively very small market compared to the adult market for mobiles so won't be of significant importance to the likes of Apple but for a company the size of MGM, it offers a massive growth opportunity. We will see that growth begin to materialize in a big way in just a couple of months when Spacetalk is launched in the UK. I haven't heard any news of an upcoming kids watch from Apple so if it is in the pipeline, it will probably be well beyond our launch into UK and other European countries. I think the chances are very good that the sp will be well north of $10 before we see any serious competition. Even then, as I have said before, the forecast market for wearables is so large in the next few years that there will be plenty of room for us and competitors.