Rejoice Mechanical Watch Lovers!!!...The Apple Watch Witch is Dead! Apple Watch sales down 71.6%!!
Interesting seeing this appear in a tech online site:
http://gizmodo.com/no-one-is-buying-smartwatches-anymore-1788153001
Of course a bit of an exaggeration saying the Apple Watch is dead, but the recent folding of Pebble and sales drop of the Apple Watch do show that the imminent collapse of the mechanical watch industry is not going to be motivated by the smartwatch, as some hysterical analysts predicted initially, at least with this current iteration of the smartwatch.
Interesting that Garmin sales are up...so there is clearly demand for a Health/Sports related smartwatch and Tag/Heuer have had surprising initial sales with their "smartwatch" (not sure if Biver is right about future dramatic expansion for 2017...but who I am to question Biver's pulse on the market?
)
Of course mechanical watch sales are taking a fall, but as we know that seems to be more motivated to significant drops in the Hong Kong/Chinese market and watches in the precious metals category (which are indeed ridiculously overpriced - look at the retail price of the gold Omega Globemaster, for example)
Latest report from the FHS out today shows some degree of stabilization:
http://www.fhs.swiss/file/59/comm_161111_a.pdf
Cheers.
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