Connect with us

Headlines

Led by Apple, Smartwatches Contributing to ‘Marked Decline’ in Swiss Watch Industry

mm

Published

on

Smartwatch shipments overtake Swiss shipments.

Seeking Alpha writes that smartwatches contributed to a “marked decline” in the Swiss watch industry in Q4, citing a report saying that smartwatch shipments overtook Swiss watch shipments for the period. The article adds that the Apple Watch led all smartwatches in shipments for the first quarter of this year, also outpacing the iPhone.

Author Mark Hibben writes: “The situation with smartwatches is very analogous to the situation in mobile communications when iPhone was introduced. The vast majority of watches sold in 2015 were electronic, about 1 billion, not the costly mechanical timepieces that the Swiss are noted for. … I consider it inevitable that smartwatches will dominate the electronic watch market. The same technology innovations in processors, displays, batteries and wireless that enabled smartphones also are enablers for the smartwatch.”

Read more at Seeking Alpha

Advertisement

Advertisement

SPONSORED VIDEO

Celebrate Your Retirement with Wilkerson

For nearly three decades, Suzanne and Tom Arnold ran a successful business at Facets Fine Jewelry in Arlington, Va. But the time came when the Arnolds wanted to do some of the things you put off while you’ve got a business to run. “We decided it was time to retire,” says Suzanne, who claims the couple knew how to open a store, how to run a store but “didn’t know how to close a store.” So, they hired Wilkerson to do it for them. When she called, Suzanne says Wilkerson offered every option for the sale she could have hoped for. Better still, “the sale exceeded our financial goals like crazy,” she says. And customers came, not only to take advantage of the going-out-of-business buys and mark-downs, but to wish a bon voyage to the beloved proprietors of a neighborhood institution. “People were celebrating our retirement, and that was so special,” says says.

Promoted Headlines

Most Popular