The high end Swiss watchmakers are going to be just fine. That market will live forever, and the analog market in general has nothing to worry about. I myself own several analog watches (nothing quite in the 5 or 6 digit price range, though I wish), and I will always be in the market for analog watches.
The companies that are really in trouble are the ones selling those cheap digital watches. Apple is going to do to them what they did to those selling flip phones. There will always be the market for vinyl records, even though Apple made the iPod and iPhone. People still own and ride horses even though we've got plenty of very nice automobiles. When people send out their wedding invitations, they still do so via mail carrier instead of email.
There will always be two ways of doing everything. The traditional fancy way, and the latest new convenient way. The former doesn't go away just because the latter gets a new iteration.
So I suspect Jony Ive's private excited utterance was made in referring to the design style. He is a designer, after all, not a marketer. I entirely expect he's extremely proud of whatever design his team's come up with, and feels it will be highly influential in fashion, specifically watch fashion, in which the Swiss are usually considered quite highly. He's surely not saying that the iWatch is going to directly compete with luxury analog watches in the marketplace. That's not his area of expertise and I'm pretty sure not something he really spends a lot of time thinking or caring about. Ive was saying, we've got a great design and some other designers elsewhere in the world are going to be in deep [trouble] as their customer's stylistic tastes change as a result of Apple's influence. Apple's iWatch could very well shake up the design of Swiss watches going forward. That doesn't mean Swiss watches are going to go extinct.
The companies that are really in trouble are the ones selling those cheap digital watches. Apple is going to do to them what they did to those selling flip phones. There will always be the market for vinyl records, even though Apple made the iPod and iPhone. People still own and ride horses even though we've got plenty of very nice automobiles. When people send out their wedding invitations, they still do so via mail carrier instead of email.
There will always be two ways of doing everything. The traditional fancy way, and the latest new convenient way. The former doesn't go away just because the latter gets a new iteration.
So I suspect Jony Ive's private excited utterance was made in referring to the design style. He is a designer, after all, not a marketer. I entirely expect he's extremely proud of whatever design his team's come up with, and feels it will be highly influential in fashion, specifically watch fashion, in which the Swiss are usually considered quite highly. He's surely not saying that the iWatch is going to directly compete with luxury analog watches in the marketplace. That's not his area of expertise and I'm pretty sure not something he really spends a lot of time thinking or caring about. Ive was saying, we've got a great design and some other designers elsewhere in the world are going to be in deep [trouble] as their customer's stylistic tastes change as a result of Apple's influence. Apple's iWatch could very well shake up the design of Swiss watches going forward. That doesn't mean Swiss watches are going to go extinct.