People buy Rolexes that everyone else who have Rolexes already have. It's like being in a club but the iWatch club wouldn't be as exclusive as the Rolex club. Rolex has 100,000 members or customers a year. I don't see why this couldn't scale to 100 million members or customers a year for Apple considering the price difference.
For those trying to make connections to other pieces of technology (home phones, cameras) that have been made obsolete or redundant by newer technology, there's one major flaw to your arguments. Swiss watch companies have long re-branded as a status symbol or timepiece that lasts multiple generations. They have shed the title of "technology". An iWatch that needs to be replaced every few years will not replace timepieces that are sold on the premise of being passed down generations.
The only brands I can see affected by this potentially are Citizen, lower end Seiko (sub $1000), Victorinox, Tissot (potentially), boutique diver brands that sell in the range of $300-$1000 like Helson, MKII, Christopher Ward, etc but even the boutique brands might not be affected as they're so cult-based I think they'll be okay.
Oh I think designer brands like Fossil, Michael Kors, Guess, Kenneth Cole, Diesel, G-Shock, etc are screwed if the iWatch is designed and looks good enough.
As people have realised: hardly anyone wears a watch anymore. Most people just use their phone. If you can give most of this crowd a smart watch, would you have dominant market share?
"...gleefully said Switzerland is in trouble..."
The worldwide watch industry I recall reading recently is worth circa $7,000,000,000 so plenty for Apple to take a bite out of.
James Bond is never going to wear an iWatch tho.
Leica still makes cameras, but compare their current annual sales to the iPhone's annual sales. I wonder whether Leica and Hasselblad "worry".
Maybe "eclipsed" is the right word. The same thing could happen to similarly nice watches in a few years as well.
Didn't know there was a watch market to begin with
For real I can see this though I mean now that we have cellphones how many people really have home phones...
... It looks good and often it's a statement....
While I have a lot of respect for this guy, this is total ********.
With the greatest of respect, an iWatch is a piece of junk gadgetry. As is my iPhone at the end of the day, with a 2-3 year expiry date. It's made to throw away and there is nothing "beautiful" about how it's made.
A Swiss watch, and now we're talking of the kind with mechanical movements is a work of art and an elegant piece of jewellery. Hand assembled by watch masters and each piece of made and mostly assembled by hand by a small team of craftsmen.
You simply cannot compare the two and I will not be replacing my stunning limited edition Jack Heuer 81 watch. Nor will it ever replace my lowly TH 2000 series quartz watch.
I have enough information in my life without some ridiculous blinking display on my wrist. When I put my phone in my pocket, it's there for a reason.
Withings are the only one who have managed a concept that I can get my head around. Analogue and quite beautiful.
While I may very well be wrong, I think the idea of an iWatch will be a short term fad, fed by "Hipsters" and gadget geeks.
I have a feeling then that they might be releasing watches in a variety of price points, and Apple's probably going to try something that is more jewellery-like than digital watch.
Most under 25s don't wear watches these days, they're fairly redundant in what they do. The notion that the elitists and vanity brigade are going to pawn their multi-thousand $ Rolex's for Apple's $400 aluminium and plastic is just ludicrous.