Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.

firewood

macrumors G3
Original poster
Jul 29, 2003
8,116
1,358
Silicon Valley
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

macrumors 68020
Mar 30, 2015
2,055
959
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.
 

robjulo

Suspended
Jul 16, 2010
1,623
3,159
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?
 
  • Like
Reactions: btrach144
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.