Buying a Rolex is a bit different than an Apple Watch. An Apple Watch dies after about 10 years. A rolex runs for 100 years at least.
Well, nobody knows how long the Apple Watch will last. I'll bet most rolexes get lost before they hit 100 years.
Both of them say "I'm richer than most," which is what's important here.
I suspect that in the watch food chain, Rolex is equivalent to Bose in the audio food chain: overpriced mass-market dressed-up dreck.