The headline feels a bit alarmist to me. The article itself is a bit better and more nuanced, but still I feel they are putting way to much drama around this device while almost all these issues already exist as small slabs of electronics that we wear all the time. Combined with smartwatches, smartphones do almost all the spying that is described here and add some GPS tracking wherever you go.
This is not to say that this is not a big issue, merely that this issue is not related to this new device. And also I believe Apple is in fact the only big tech provider that actually tries to be somewhat privacy conscious (Google and Microsoft don't give damn).