Like comparing apples to bowling balls, sure both tell the time but each in their own class. I own both and love them both for what they are.
Rolex sales won't be hurt 1% by apple watch
Unless they get into the smartwatch business, Rolex will most likely get hurt in the long run. Today's young people who are starting with the Apple Watch Sport will become so used to having a smartwatch that later in life they'll consider a more expensive smartwatch when they're well able to afford it.
Most of us have become so accustomed to the iPhone that we can't operate without it and won't ever go back to a dumbphone. The same will happen with the smartwatch, and Rolex is likely doomed in the long run unless it evolves. They're after all competing for the same wrist space.
Rolex has been around for over 100 years I don't think their going anywhere any time soon.
The past isn't necessarily an indication of what will happen in the future. Rolex has never had to evolve beyond being a dumbwatch manufacturer. Trust me, today's young people will have become so dependent on having a smartwatch that they'll only consider another smartwatch. We've already heard from members who said that they'll likely not ever wear their expensive dumbwatches again. Rolex better evolve or it's doomed. Jony Ive alluded to this a few months ago when he gleefully said that Switzerland is in trouble.
I agree and disagree with your statements. How about in the 70's when they came out with digital calculator watches I'm sure everyone said the same thing. I mean really who needs a 10k rolex when a $200.00 Seiko with a quartz movement can do the same thing and probably more accurately. There will always be a market for expensive automatic watches. I love my apple watch, but when I put a suit on and strap my Rolex to my wrist it's a totally different feeling.
Automatic watches are like children if you don't have one you'll never understand.
The fact that we now have members saying they'll likely never return to their expensive automatic watches disputes this.
Beware. Past value is no prediction of the future prices. Rolex value is artificially inflated by watch company marketing, much like diamond jewelry by DeBeers marketing. The same thing could happen to Swiss watches that happened to Dutch tulip bulbs. The timekeeping plus precious metal melt down value is decent and non-zero, but nowhere near the current collectors value. If the bunch of grandkids that inherit granpa's Rolex have no use or taste for steam-punk vintage tech, the flood that hits the market will drop the going price like a rock. So the value depends on what stays in fashion.
And Switzerland sarcastically smiled at the gleeful comment of J.I....Jony Ive alluded to this a few months ago when he gleefully said that Switzerland is in trouble.
You really consider it a fact because a few members on MR stated it? We will see this "likelyhood". You would be surprised.The fact that we now have members saying they'll likely never return to their expensive automatic watches disputes this.
And Switzerland sarcastically smiled at the gleeful comment of J.I.
You really consider it a fact because a few members on MR stated it? We will see this "likelyhood". You would be surprised.
If this is the futute, hopefully ill be dead by then. All these gadgets and people are just way too dependable on them. (sarcastic btw)The past isn't necessarily an indication of what will happen in the future. Rolex has never had to evolve beyond being a dumbwatch manufacturer. Trust me, today's young people will have become so dependent on having a smartwatch that they'll only consider another smartwatch. We've already heard from members who said that they'll likely not ever wear their expensive dumbwatches again. Rolex better evolve or it's doomed. Jony Ive alluded to this a few months ago when he gleefully said that Switzerland is in trouble.
If this is the futute, hopefully ill be dead by then. All these gadgets and people are just way too dependable on them. (sarcastic btw)
Lol great picture. At least the Apple watch is helping ppl lose weight..or so I read.Speaking of which:
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It's a fact that a few members have stated it. That's an indication it doesn't bode well for young people who start with a smartwatch as their first watch and won't consider anything else but a smartwatch in the future when they're well able to afford an expensive Rolex.
An interesting discussion. I have a 15-year-old Rolex Air-King in stainless steel. It's a simple, plain watch without even a date. It has worked nearly non-stop as my daily driver, well, until the Apple Watch came along. I haven't worn the Rolex much more than a few minutes since May. I'm curious whether I'll return home to the Rolex again someday, or if it will find itself amongst other finely crafted yet stubbornly obsolete and out-of-fashion technologies, like Leica film cameras (or perhaps dedicated every-day cameras in general).
The Rolex is a compact mechanical watch having nearly the same dimensions as the 38mm Apple Watch. I'm still impressed that Apple was able to pack so much into the 38mm case and yet have the apparent "on-wrist" thickness no more than a Rolex. In contrast, my Moto 360 looks like a wall clock strapped to my wrist.
Could I go back to the Rolex? It would mean giving up all the perks I enjoy from the Apple Watch: day/date, reminders of upcoming appointments, who's calling (so I don't have to go running to find my iPhone before the call goes to voicemail), night visibility, Apple Pay, hands-free Siri for timers and lists, and fitness tracking. It's pretty stylish and lovely and all that, too.
One thing is certain... as time marches relentlessly onward, my Rolex will keep working, albeit perhaps not without an expensive servicing. I've received 15 years of timekeeping out of the Rolex, working out to about $133 per year. My present Apple Watch? It will probably be but a technological memory like the original iPhone, but I just might still have an Apple Watch on my wrist.
I'm also an automatic watch wearer, and I really like my Apple Watch. Currently wearing the AW on weekdays/traveling (i.e. on planes/airports) and reserving automatics for weeknights/weekends/vacations.
One other job-to-be-done for automatics is as jewelry. So perhaps automatics will stick around (for the older crowd) for this purpose.
As for the younger generation who grows up with AW and similar devices (and assuming these are successful and gains mass adoption)--it's likely that the need of jewelry will remain. Now, the question is whether this need will continue to be served by traditional watches, or if this will be served by something else (i.e. rings, bracelets, etc).
In ten years time we will be laughing at the Apple Watch! That will never happen with a Rolex.
In ten years time we will be laughing at the Apple Watch! That will never happen with a Rolex.