The other day, in Ireland, in our innovation center there, one of our team members showed me a forever mouse with the comparison to a watch. This is a nice watch, not a super expensive watch, but I’m not planning to throw that watch away ever. So why would I be throwing my mouse or my keyboard away if it’s a fantastic-quality, well-designed, software-enabled mouse. The forever mouse is one of the things that we’d like to get to.
What made the mouse a forever mouse?
It was a little heavier, it had great software and services that you’d constantly update, and it was beautiful. So I don’t think we’re necessarily super far away from that.
I’m still stuck on, “You’re going to sell me a mouse once and it’s going to have ongoing software updates forever.”
Imagine it’s like your Rolex. You’re going to really love that.
I’m going to ask this very directly. Can you envision a subscription mouse?
Possibly.
And that would be the forever mouse?
Yeah.
So you pay a subscription for software updates to your mouse.
Yeah, and you never have to worry about it again, which is not unlike our video conferencing services today.
But it’s a mouse.
But it’s a mouse, yeah.
I think consumers might perceive those to be very different.
[Laughs] Yes, but it’s gorgeous. Think about it like a diamond-encrusted mouse.
The forever mouse, and the forever mouse could be the mouse that you keep and we just send you software updates, but it could also be the mouse that you turn in at Best Buy and we get it back or Best Buy takes it back and refurbs and resells it, which is another business model. We’re starting to do that but not yet at the scale that we need to.
Imagine it's like your Rolex, the CEO says to the journalist who probably makes like 70k/year if they're lucky
But also Rolexes don’t have subscription fees
Are smart watches too gauche for Rolex?
Probably. They don't even do digital displays, do they?
Sounds just like a Rolex, really expensive and not worth the money.
Weren't old rolexes somewhat affordable and really durable? Like during the 40's weren't they cheap?
It depends but yeah, Rolex weren't a super luxury brand until they featured heavily in the Bond movies and when swiss watches were worn by pilots and got some prestige. That's also one of the cheaper ones to buy nowadays (2000~USD) since a ton of pilots would buy them so they are the 'mass-produced rolexes'
I'm sure the early watches were cheaper, but idk much about watches. I've used my phone as a watch for 20+ years at this point