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Bad Invesment?
- Thread starter Benz63amg
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Seems like you answered your own question.
You answered your own question. The Apple Watch is designed for people who have disposable income (or don't mind being in debt) who like technology and/or fitness gadgets. The Apple Watch is definitely not an "investment" in the true sense of the word. You won't get a return on your money, that's for sure. The Apple Watch is a purchase that, much like a car, starts losing value as soon as you take it out of the store. Nothing more. It will be outdated and unsupported in several years (if not sooner) just like the other products Apple sells.
Regular watches are terrible investments anyway. Most models from most manufacturers don't hold their value. Of the ones that don't drop like a stone, most don't keep up with inflation, so you'd still lose value. Only a few end up gaining value, and you won't be able to predict which models they'll be until after they cease production.
So forget the idea of using wristwatches as financial investments. They suck.
So forget the idea of using wristwatches as financial investments. They suck.
if you bought something, and really enjoy using it over the life of the product.. then it sounds like a good investment to me.
The Apple Watch is not an investment. The Apple Watch is not even a watch--it is a wrist-mounted multi-purpose personal computer that runs applications, one of which resembles a watch face.
So the Apple Watch, like most computers, is quickly overshadowed by a better model in 1 year, will become obsolete in a few more years, and has a battery that will stop taking a charge altogether in a few more years after that.
It is almost inconceivable that the value of mobile electronics would go up over time.
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The rule for every depreciating asset:
The more money you spend... The more with you will lose.
If you buy a Link SS for $1,000... you lose $500 from day 1
If you buy a 38mm sport for $269... the most you can lose is $269
The watches don't hold their value like other Apple products since there isn't as much of a secondary market.
The good news is that the watches still have a resale value close to a Samsung phone... Much better than LG or Motorolla.
The more money you spend... The more with you will lose.
If you buy a Link SS for $1,000... you lose $500 from day 1
If you buy a 38mm sport for $269... the most you can lose is $269
The watches don't hold their value like other Apple products since there isn't as much of a secondary market.
The good news is that the watches still have a resale value close to a Samsung phone... Much better than LG or Motorolla.
I think part of the problem is that Apple made more AWs than they thought they could sell. And some have surmised that Apple offloaded them to BB to let BB do the "dirty work" of selling them off. If the above is true, and if Apple adjusted their production correctly, then AW1 & AW2 should not lose as much next year.
I read luxury watches have been taking a big hit this year, so perhaps even high end brands like Rolex might at best only hold their value.
With a mechanical, I believe you have to have the serviced every 5 years?? I don't how much it would be though to have a Rolex serviced.
I read luxury watches have been taking a big hit this year, so perhaps even high end brands like Rolex might at best only hold their value.
With a mechanical, I believe you have to have the serviced every 5 years?? I don't how much it would be though to have a Rolex serviced.
basic service around $800 and then it goes up if any other damage. Sapphire crystal is around $200 i think.
You do not make any investment to sell in a pawn shop....
Pawn shop are there to take advantage of your needs, they are the only one making the investment
I was speaking of what the Pawn Shop sells watches for after they are out of pawn. I've picked up a few at low prices compared to the new value over the years.
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Same with Luxury Cars, A Benz S class or BMW 7 series are the worst of the lot. A 3 series or C class depreciates at a lower percentage.
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If anyone is thinking, "Well, used Rolexes keep going up in value," look at the prices of new Rolexes.
Several luxury watch brands, Rolex in particular, have been boosting their prices over the last 10-15 years, going up faster than inflation. Their MSRPs are a higher percentage of median income than ever before.
Because they're so damned expensive now, used luxury watches can be sold at higher prices because they appear to be a good buy. "Cheaper than insanely expensive" still counts as "cheaper".
Several luxury watch brands, Rolex in particular, have been boosting their prices over the last 10-15 years, going up faster than inflation. Their MSRPs are a higher percentage of median income than ever before.
Because they're so damned expensive now, used luxury watches can be sold at higher prices because they appear to be a good buy. "Cheaper than insanely expensive" still counts as "cheaper".
And even so, certain Rolex and Philipe Patek models hold value or increase based on the actual number produced and various materials used, which could be rare. But I agree, regular Watches, like Invicta's don't hold value. And modern smart watches are like any other electronic, they only decrease.
Yeah... buying a gen one and never opening it might make it a collectible one day, but that's about it as far as "investment" goes.
Yeah here in Denmark we didn't have massive discounts on old models, so the price didn't go as low as your markets.. It did fall from around DKK 5400 to DKK 3500 in around a year for the Space Black SS model, including a couple of 3rd party bands, so not great either (not even close to my iPhone 6S that kept it's value pretty good)....
Maybe S2 will do better because it will remain a pretty good running watch with it's GPS and water resistance, which was needed for a lot of people in S0...
Regarding luxury watches - yes buy one brand new and it will fall in value as well.. Buy an old one and you get it cheaper (unless a rare model) and from THERE it might go up if it's a nice watch and kept beautiful.... Not going up from day one of course - why would anyone pay you more for it instead of just buying it from the store brand new?
I have the first iPhone in the original box with almost zero wear and it took all these years for it to be a collectable, so I guess if enough time passes . . . . .
Yeah... that was my point. It'll take awhile, but eventually, any first gen Apple product will become a collectible for the nostalgia factor. We have a first gen iPhone with minimal wear and the original packaging, too.
Agreed, but theoretically the AW could last a decade, if Apple wanted it to.
It's a matter of updating software, and supporting older generation AW and watchOS. It may not run as fast but neither does my 2006 iMac, but it works.
Unless you forked out for an Edition you really did not buy a "luxury" watch even if Apple wanted you to think you were. You bought an electronic device with a life cycle.
