Samsung first introduced their Gear smartwatch sixteen months ago with sugar plumbs dancing in their heads that they would sell tens of millions of the new device. From October 2013 until June 2014, under 500,000 smartwatches were sold and not all by Samsung. One of the first reviews of Samsung's smartwatch was from The New York Times David Pogue who stated that "The Gear is a Human-Interface Train Wreck: All of it." Now we're reading that Google's Android smartwatches aren't faring any better. A new study by Canalys published today shows that Google's Android Wear devices only sold 720,000 units in 2014. How pathetic is that with four major brands marketing these smartwatches?

The new research study from Canalys noted that "Over 720,000 Android Wear devices shipped in 2014 out of a total of 4.6 million smart wearable bands. Though the Moto 360 remained supply constrained through Q4, Motorola was the clear leader among Android Wear vendors. LG's round G Watch R performed significantly better than its original G Watch, while Asus and Sony entered the market with their own Android Wear devices.

Canalys VP and Principal Analyst Chris Jones stated that "Samsung has launched six devices in just 14 months, on different platforms and still leads the smart band market. But it has struggled to keep consumers engaged and must work hard to attract developers while it focuses on Tizen for its wearables."

Samsung has many future sophisticated smartphone designs on record as well as a new round-face smartphone design that will work with new user interfaces. But for today, Samsung smartphone sales have never sold millions in a quarter or even a year.

So While Samsung Presents a Brave Face Prior to Launch of Apple Watch, it's the calm before the perfect storm. The estimates from analysts point to Apple being able to sell tens of million units of the new Apple Watch.

Rod Hall of J.P. Morgan was on CNBC's Power Lunch segment today and he was asked the question: "Is there anything at all that you are concerned about with Apple." His reply: "Yeah Brian the thing I'm most worried about is whether or not they can make enough watches or not. That's the main problem that they've got," said with an award winning smirk. J.P. is forecasting 26 million units of the Apple Watch could be sold this year.

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