You do realize you can design things fairly cheap, right? Its when you have multiple large departments of 50+ people in marketing, sales, legal, finance, etc that things get expensive and time consuming. But if you are a team of 2 to 3 people, you can design something really quick.
I'm not defending Swatch - and they will probably fail miserably or they may not. The point is, Apple has to spend the time/money because of how big they are.
Example: It takes 3-5 weeks, at minimum, to get a NDA printed out to give to a vendor before we can discuss doing business with them. Then 5-7 weeks of meetings, demos, etc before we can do a POC for 3-6 months. By time we accept, get approval from finance, build the infrastructure around the vendor, etc.. It's past 18-20 months already. Just to deploy software that tells us what each server has in terms of specs.
Whereas, It takes me 60-90 minutes to find software, test it out for a few minutes, purchase and deploy it to my small 1 rack "data center".