They give you the fitness-tracking functionality of a pure-play fitness band, plus they sync to your phone so you get notifications on your wrist -- answer and reject calls, read messages, reply with a thumbs-up or whatever -- and you get the fun stuff like customisable watch faces.
And they are well under $100.
It's already a product category, but many people seem unaware it exists.
Much the same as the high-end budget smartphones. I've had a couple of decent capable modern Android phones that were under $200 new. This is a thing that exists, but the folks that follow fashion don't seem to realise.
I spent years being relatively poor and in serious debt. You learn to live without luxuries, but if you're smart, you find the ways to get good stuff cheap.
A $150 smartphone can deliver 90% of the functionality of a $1000 smartphone. In the same way, a $75 smartwatch can deliver 70-80% of the functionality of a $500 watch.
And TBH, I know which I prefer. Phones and watches live hard lives, for electronics, and they are easily lost, stolen, dropped, broken, etc.
I would rather have a $200 phone in my pocket than a $1000 one, because I know the risks, and if the 4-digit-price one gets damaged or vanishes, that hurts my budget... but I can tolerate a low-3-digit loss more easily.
Bring these back on side of watches. https://www.aliexpress.com/item/1005004293400666.html
I don't think I've ever used any of my now 3 smartwatches to control my phone's media player. But then I mainly only listen to music on my phone when I'm on a plane.