Apple Watch competition flops more

Discussion in 'Apple Watch' started by firewood, Jul 18, 2016.

  1. firewood macrumors 604

    Joined:
    Jul 29, 2003
    Location:
    Silicon Valley
    #1
    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?
     
  2. BlueMoon63 macrumors 68000

    Joined:
    Mar 30, 2015
    #2
    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.
     
  3. JayLenochiniMac macrumors G5

    Joined:
    Nov 7, 2007
    Location:
    New Sanfrakota
    #3
    Jony Ive in September 2014: "Switzerland is ****ed."
     
  4. robjulo macrumors 6502a

    Joined:
    Jul 16, 2010
    #4
    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.


     

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