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Rolex is valuable as a brand because it can take a relatively inexpensive product, slap its brand on it, and then sell the product for a huge margin. I suspect the $5,000 Rolex is no more mechanically sophisticated than the $1,000 Hamilton. The markup is for the prestige of the brand. I'm surprised Forbes doesn't have Rolex ranked higher.

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Setting aside the watch collectors (which is a huge part of the market, I know) many watches are purchased to actually be worn. If someone buys an Apple Watch and likes it, they might be less likely to buy a nice automatic. If someone takes off their automatic and puts on an Apple Watch, that is competition.

If Apple is suddenly selling 10 million watches a year, how in the world do you think that doesn't have a huge impact on the watch industry? Maybe you feel the impact will only be felt by the manufacturers who sell the $50 to $500 watches. I think the impact will be felt all the way up the chain. That is assuming that folks like wearing smart watches. I'm not 100% sure that this will be the case. It might be a product closer to Google Glass. Somewhat neat but not something that most folks want to wear.

But I am sure that if Apple is selling 10 million watches this year and next year 20 million and the year after that maybe it is 30 million, then this will radically impact the watch industry.

It's a beautiful thing. Apple are likely to sell a lot of them. The only issue I see is that people that wear classic watches like classic watches.

The Apple watch does lots of fancy things but it's not really going to appeal to those that have a collection of 'real' watches, because, and I say it again, they fall in a completely different category of item. One, being a mechanical, self charging timepiece, the other, a tech filled, mobile phone reliant computer.
 
I find it amusing all this talk about Rolex watches. I bought my Explorer over 40 years ago and still wear it almost every day. I actually thought Rolex had gone way out of fashion some years ago. Sounds like they may be back in fashion and mine could be worth a few bob now. May sell it and buy an AW edition!
 
The edition version has turned into somewhat of a borderline joke that people here laugh about and don't take seriously. It will be interesting to see actual people wearing it the wild.

The person buying it is buying it with the main objective to indulge in what they feel will be a positive reaction from outlookers, but I feel it may be the opposite reaction that people will give them.

Possibly more of a "WTF, even though you are rich, you're an idiot" type of reaction.

Really feel Apple should have made the edition more of an accessible price. Something more realistic–a stretch, but at least plausible. Maybe something like a 3~5K entry point.

At 3K I feel a bunch of people might opt for the gold rather than SS. There is a clear market for the gold branded tech. but 10K is ****ing ludicrous. Even for a millionaire its idiotic.



And this is one of the reasons I personally think the Apple gold Edition watch may not sell like Apple hopes, even to those "new money in Asia" and the gaudy Instagram money people that posters on here keep throwing in my face as Apple's justification for this watch.

But both of those categories of people still, for the most part, buy expensive things (to show off) that most of the world lusts after and covets. They are buying and showing off Lamborghinis, Ferraris (with tigers on top of it), bentleys, Rolls Royces, an arm full of solid gold APs and Rolexes all because the average person lusts after and would love to own even one, much less the multiples of each these ridiculously rich people show off. Notice they aren't having solid gold Honda Accords made and showing those off...

Sure, every now and again I'll see a solid gold iPhone case, or jeweled iPhone studded with diamonds, but that's the exception, not the rule. The general rule is that people with stupid amounts of money that buy things to flaunt that money still buy expensive things that normal people lust after. And so far, in real life and every forum I'm an active member of...not just here, but EDC (every day carry) items forums, several different watch forums, etc the Edition version specifically is getting mocked. Badly.

I'm curious to see if the predominantly negative stigma that's already developing around the Edition will have a negative effect on the sales of it. I think what happens with it is important. Apple obviously wants to be taken seriously in the watch world, or they wouldn't be marketing this watch, particularly the Stainless and the gold models, more as fashion and jewelry than tech. Trying to mimic to some degree the experience and quality (materials) of high end Swiss timepieces.
 
The edition version has turned into somewhat of a borderline joke that people here laugh about and don't take seriously. ...
I missed that one. Do you have a link to a YouTube video or a news report showing people laughing at the Watch Edition?
 
And this is one of the reasons I personally think the Apple gold Edition watch may not sell like Apple hopes, even to those "new money in Asia" and the gaudy Instagram money people that posters on here keep throwing in my face as Apple's justification for this watch.

But both of those categories of people still, for the most part, buy expensive things (to show off) that most of the world lusts after and covets. They are buying and showing off Lamborghinis, Ferraris (with tigers on top of it), bentleys, Rolls Royces, an arm full of solid gold APs and Rolexes all because the average person lusts after and would love to own even one, much less the multiples of each these ridiculously rich people show off. Notice they aren't having solid gold Honda Accords made and showing those off...

Sure, every now and again I'll see a solid gold iPhone case, or jeweled iPhone studded with diamonds, but that's the exception, not the rule. The general rule is that people with stupid amounts of money that buy things to flaunt that money still buy expensive things that normal people lust after. And so far, in real life and every forum I'm an active member of...not just here, but EDC (every day carry) items forums, several different watch forums, etc the Edition version specifically is getting mocked. Badly.

I'm curious to see if the predominantly negative stigma that's already developing around the Edition will have a negative effect on the sales of it. I think what happens with it is important. Apple obviously wants to be taken seriously in the watch world, or they wouldn't be marketing this watch, particularly the Stainless and the gold models, more as fashion and jewelry than tech. Trying to mimic to some degree the experience and quality (materials) of high end Swiss timepieces.

Yet, even in the single category "watch" and the single brand "Rolex" there exists a wide variance in price. If one compares the price of a stainless steel Rolex and an 18KT gold Rolex (assuming same series, both w/o diamonds, etc) one sees a very large variance in price.

Is that gold Rolex better at keeping time than the SS model from the exact same series? Nope.

It's just more expensive and a more obvious symbol of wealth.

I think of the Edition in that manner. Do I think Apple priced it too high? Yeah. I do. But, I'm betting there will be some people who don't think that way. They just want the most expensive one because they've decided to buy Apple's new smart watch and they only buy the most expensive model of whatever they buy.

I've known people who shopped that way. They didn't just buy EVERYTHING they saw and they weren't out lighting cigarettes with 100-dollar bills, but if they wanted, oh, cowboy boots? They bought the most expensive ones. Because there was a perception that these were "better." If they bought a car, whatever manufacturer they chose, be it Chevy or Mercedes? They bought their flagship vehicle, fully equipped.

This is just how some people roll. And these are the people that will buy that Apple Watch Edition model.

They most likely don't care about Swiss precision or any of the things those of you who collect watches care about.

This conversation has been interesting, but at the end of the day, I doubt Apple made many of these Edition models and they'll sell the ones they made.

Whether they'll keep making them after they sell the initial batch in anything but extremely limited quantities will depend on demand.

I do think that if the Watch makes it to version 2, there will be models that bridge the pricing gulf, though.

This Watch discussion has nothing to do with watch quality. It's about the perception of the term "best."
 
If the surveys here and at 9to5Mac are anywhere near accurate, anywhere from 1-6% of buyers will opt for an Edition.

If you assume the Edition is around 90% margin, even selling to only 1% of buyers means it will account for 30% of all AW profits. If it sells to more than 1% the overall profitability jumps even higher. (assuming aluminum and SS versions average 40% and 60% margins respectively)

Spreadsheet.

It will likely be a huge money maker.
 
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If the surveys here and at 9to5Mac are anywhere near accurate, anywhere from 1-6% of buyers will opt for an Edition.

If you assume the Edition is around 90% margin, even selling to only 1% of buyers means it will account for 30% of all AW profits. If it sells to more than 1% the overall profitability jumps even higher. (assuming aluminum and SS versions average 40% and 60% margins respectively)

Spreadsheet.

It will likely be a huge money maker.

I don't think the reason behind the Edition is to have a greater profit margin, it is probably more about getting celebrities etc. to wear one which in turn will make more consumers get one.

And I think 1% getting the Edition is way overestimating.
 
Regardless of my income, I'd never buy an Edition. I'd opt instead for the $52K Cartier watch I fell in love with three years ago (the ONLY watch I've ever lusted after...the one my wife says I can buy when I'm the CEO of Apple - i.e. never). Note: I haven't had a watch on my wrist since 1995 simply because I've never found one (with the exception of that Cartier) that captivated me.

I'm buying an Apple Watch (Black SS) to wear on my wrist, but I don't consider it to be a watch. It's a wearable. It's a computer. An obsolete-next-year CE product. One that I'll really enjoy...until the next one!

As I see it, there's only one valid argument regarding wearables dethroning the luxury watch industry: the wrist-worn wearable will occupy the space on the body once owned by the watch industry. If people become as dependent on Apple Watch (or similar) as they have their smartphones, it might negatively impact sales of traditional watches that once occupied that space on the body. Only time will tell. The wearables industry remains in its infancy.

How about a an Apple Ring with holographic display? That'd leave room for Rolex on the wrist.
 

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I don't think the reason behind the Edition is to have a greater profit margin, it is probably more about getting celebrities etc. to wear one which in turn will make more consumers get one.

And I think 1% getting the Edition is way overestimating.

You're probably right.
 
Did Anyone Order the Gold Watch?

Just asking out of curiousity. I don't know anyone who did.
 
Oh I'm sorry, I thought I had started a new post? I'm new to the site, so I didn't see this thread or even realize that this thread exist/that I was posting here haha.
 
I'm not buying nor can I afford the edition watch but if I was I would definitely not share that on a public forum. You're just asking for trouble. lol
 
@tresmith I remember when I got my first Apple Product, I was told to keep it a secret and not tell anyone because it'd be asking for trouble lol. That was long ago though.
 
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