Apple Watch competition flops more

[firewood]

If the Apple Watch is a flop, it just flopped down and crushed a lot of its competition. Reports are that Swatch profits plunged over 50%.

http://www.bloomberg.com/news/artic...rst-half-profit-slumped-as-much-as-60-percent

Doesn't Swatch own a bunch of luxury watch brands?

The article also says that Richemont is cutting about 100 jobs at the Swiss watchmaking operations of Cartier, Vacheron Constantin and Piaget. Aren't those supposed to be the "real" high end luxury timepieces that would hold up much better than the stuff in Apple's "Other" financial category?

 

[BlueMoon63]

Swatch was in the category that was believed to be in competition with the Apple Watch. Last year, swatch was mentioned as a company to watch if their sales would go down, it would be a good sign for the success of the Apple Watch.

 

[JayLenochiniMac]

Jony Ive in September 2014: "Switzerland is ****ed."

 

[robjulo]

Oh good lord. Did you even read the article? You attribute this to Apple???? Only one specific brand of one company in the article is even mentioned to compete with "Apple and others".

Love the armchair analysis you get here at MR.

If the Apple Watch is a flop, it just flopped down and crushed a lot of its competition. Reports are that Swatch profits plunged over 50%.

http://www.bloomberg.com/news/artic...rst-half-profit-slumped-as-much-as-60-percent

Doesn't Swatch own a bunch of luxury watch brands?

The article also says that Richemont is cutting about 100 jobs at the Swiss watchmaking operations of Cartier, Vacheron Constantin and Piaget. Aren't those supposed to be the "real" high end luxury timepieces that would hold up much better than the stuff in Apple's "Other" financial category?