Why high-end watchmakers should worry about Apple – MacDailyNews

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Specs comparison Best cases for iPhone 5c Sep 12, 2013 - 05:15 PM EDT — AAPL: 472.69 (+4.98, +1.06%) | NASDAQ: 3715.968 (-9.042, -0.24%) Why high-end watchmakers should worry about Apple Monday, August 19, 2013 · 11:00 am · 33 Comments swiss replica watches “Only a select sliver of consumers can afford to buy watches often priced at US$5,000 to US$20,000 or more, let alone in the six digits,” Russ Alan Prince writes for Forbes. “With a combined net worth over US$40 trillion the super-rich certainly have the money to buy more watches, and interestingly, compared to categories such as fine jewelry or fashion where 90% buy on an annual basis, there is the opportunity to get more of the super-rich making purchases in the category on an annual basis.” high quality replica watches “Since most people only wear one watch at a time, any success Apple has in getting the current customer base of super-rich (think the US$2.5 billion in sales to Trendsetters) to at least switch for some period of time could have a significant impactPrince writes Read more in the full article here . Categories: News Tags: Apple , fine jewelry , iWatch , luxury watches , smartwatch , wearable computing , wristwatches Thank You for supporting MacDailyNews! ï£؟ Apple 13.3" MacBook Air dual-core Intel Core i7 2.0GHz, 8GB RAM, 512GB Flash Storage, Intel HD Graphics 4000, Mac OS X Lion (Z0ND-20GHZ8GB512) only $2,159.99 ï£؟ Secret Sale Exclusive for MacMall Valued Customers Only ï£؟ Apple 15.4" MacBook Pro (with Retina display) quad-core Intel Core i7 2.3GHz/16GB RAM/256GB FS/IntelHD Graphics4000/OS X Lion (Z0MK-15-2.3-16-256RT) only $2,333.99 ï£؟ Apple Blowouts: Up to $649 OFF on Last Gen Macs. Prices start at $1,999.99 w/ Free Upgrade to OS X Mountain Lion & Free FedEx Overnight ends 02/08 6:15PM PST. ï£؟ Apple 13.3" MacBook Pro dual-core Intel Core i7 2.9GHz, 8GB RAM, 750GB 5400-rpm hard drive, Intel HD Graphics 4000, Ships with Mountain Lion (MD102LL/A) only $1,419.97 Parallels Desktop 8 for Mac is here. Run Windows on Mac without rebooting. Comment Feed 33 Comments ChrissyOne Monday, August 19, 2013 - 11:06 am · Reply These people could buy even nicer watches if only our socialist government would give them a tax break. macnut222 Monday, August 19, 2013 - 11:21 am · Reply /sarcasm…right? Tflint Monday, August 19, 2013 - 11:21 am · Reply the people who buy these watches are the billionaire one percenters who are protected from taxes by the Republican Party. Flintlock Monday, August 19, 2013 - 11:34 am · Reply Like there are no billionaire Democrats who will buy these watches that enjoy such protection while touting a philosophy that will never effect them! Think 1%er Matt Damon’s defense of Public Schools who then puts his own kids in Private Schools. Bet the rest of us 99% would like to have that option too! ChrissyOne Monday, August 19, 2013 - 11:50 am · Reply What Matt Damon does, all other Democrats follow. Rosie O’Donnell too. Who else don’t you like? Not a Socialist Monday, August 19, 2013 - 4:08 pm · Reply Another simple minded democrat wanting other peoples hard earned money. You had your chance. You are an official loser. Matt Monday, August 19, 2013 - 11:27 am · Reply LOL!!! Nice. Ballmer's left nut Monday, August 19, 2013 - 11:28 am · Reply You got that right. Goddamned socialists. A blight on society. I wonder if we can set up a gulag for socialists – like a Soviet version, except communists & socialists will be imprisoned instead of capitalists. jimbo Monday, August 19, 2013 - 2:52 pm · Reply You obviously have no idea what socialism is, fool. Zeke Monday, August 19, 2013 - 11:38 am · Reply rainer_d Monday, August 19, 2013 - 11:07 am · Reply Those 20k (or 200k) watches are *mechanic*. There’s no comparison. People buy them for various reason, but ultra-precise time-keeping isn’t one of them. Nor is the lack of an USB-port threatening sales. Thelonious Mac Monday, August 19, 2013 - 11:10 am · Reply The super rich are not interested in geek gadget watches whether from Apple or anyone else. People with watch fetishes, trust me I have a serious watch jones that I cannot scratch, will not buy an Apple watch instead and people who can afford high end watches have human beings who manage their calendars and contact lists. Cheapest Omega is sexier than any “smart watch” could ever be. YouTube Bandit Bill Monday, August 19, 2013 - 11:22 am · Reply I could see people who really like watches still purchasing an iWatch. Maybe they’d wear it to work, working out, camping etc. and wear the high end watch when going out. Grigori Monday, August 19, 2013 - 11:28 am · Reply That video is almost obscene. Ckan Tuesday, August 20, 2013 - 5:12 am · Reply All rich people will buying iwatch because it will have lots of things like blood pressure, early warning for heart attack which is common in rich people etc and I bet you will be one of the first buyer. Now stop babbling on Grrrilla Monday, August 19, 2013 - 11:15 am · Reply The people that buy expensive timepieces do so for the fashion statement – not because they think a Rolex is $20,000 more accurate than a Timex, or that they need 600 more meters of water-proofness. If Apple goes the wrist route, I expect many people will find a way to wear both (and in fact Apple may cleverly design the device with that idea in mind). However, just as smartphones are rapidly replacing cameras for casual photography, the ‘wrist data extender’ may gradually impact the watch industry (after all, some people have given up buying/wearing watches because their phone is now their portable timepiece). Grigori Monday, August 19, 2013 - 11:24 am · Reply It’s not simply a fashion statement; there’s also an appreciation of the craftsmanship involved, as well as purchasing a future heirloom. Grrrilla Monday, August 19, 2013 - 3:33 pm · Reply I would agree with that. But I would also argue that many of them are also trying to show the world that they have an appreciation of the craftsmanship involved. It’s still jewelry, albeit with function, and made to be seen. Mac Daddy Tuesday, August 20, 2013 - 11:20 pm · Reply That’s pretty much correct. I wear a low-end Rolex (“only” about $6K) mainly because it’s jewelry. I figure a man’s watch should be the best piece of jewelry he owns. No gold necklaces with doodads, no gold bracelets and rings and all that junk, just a simple but well-executed high-quality wristwatch. I *do* use it to tell time though… I tried this “Millennial Kid” thing of using my iPhone to tell time, but it’s a pain in the ass to drag out my phone just to see what time it is, when I normally just glance at my wrist. So I wear my watch every day. Except to the dentist’s office… I don’t want him to think I have a lot of money Thelonious Mac Monday, August 19, 2013 - 11:20 am · Reply There’s the real gaudy super rich market also. Those folks purchase watches easily in the $1,000,000 range. They go into these stores most of us have never seen the inside of. They drop the black AMEX on the table, and the super expensive wine comes out and some beautiful woman who knows more about watch movement than most geeks know about computers begins the seduction. Uh, sales pitch. Sigh. I love the rich. I just wish they’d let us watch! Ha. I said watch. Ballmer's left nut Monday, August 19, 2013 - 11:35 am · Reply Me to the beautiful watch shop woman: “Could you wind me up? I need some movement on my clock.” Tflint Monday, August 19, 2013 - 11:25 am · Reply iPhone users abandoned wrist watches years ago. Don’t jump to the conclusion thst the iWatch will be a wrist watch. Expect a pin . . . like the Star Trek badge . . . or a pocket watch. Thelonious Mac Monday, August 19, 2013 - 11:30 am · Reply You know Tflint, that’s the weirdest thing about the sudden attention to smart watches to me. I LOVE watches. But I don’t wear one. I can’t afford the kind of watch I’d want and even if I could, I’d seldom wear it. Most phones are always telling you the time now. Your computer is always telling you time time. So I don’t get it either. Except for those gadget watches that do all kinds of nifty health monitoring. Rorschach Monday, August 19, 2013 - 2:00 pm · Reply I don’t see the point of one of these ‘smart watches’, if I need the functions, I use my phone. And I don’t use my phone to tell me the time, for the very reason that the wristwatch was invented during the First World War; when you want to know the time, it takes a second or less to glance at a watch on your wrist, it takes thirty times as long to fish your phone out of your pocket, turn it over and around to get the screen the right way up, wake it up, then read the time, in the same way that dragging a fob watch out of a pocket, then opening it, in order to get the time was a pain. And if you’re riding a bike, or out walking in heavy rain, or swimming, or, like me, your place of work prohibits the use of a mobile phone, for security reasons, and you still need to tell the time, a wristwatch is essential. I have a mechanical Seiko automatic, that I adjusted myself, and that is currently running about fourteen seconds fast. After I set it when the clocks were adjusted in March. That watch is more accurate than the Casio G-Shock I wear to work, to avoid the Seiko getting damaged while working inside machinery, and the Seiko will run for 55 hours without me wearing it.. I have a couple of other watches that still work fine, many years after an expensive electronic smart watch would have broken: a TAG Heuer, series 1000, that’s now over twenty five years old, and a French-made Yema Rallygraf that’s now forty years old, and still running, although it could do with a service. None of those watches cost vast amounts, the TAG was آ£250, the Seiko آ£360, a year ago, and the Yema couldn’t have cost me more than about آ£50. Lets see your daft smart watch last as long as those watches have. j.eric Monday, August 19, 2013 - 7:52 pm · Reply mine is a 30 year old seiko la salle – $750.00 Mac Daddy Tuesday, August 20, 2013 - 11:25 pm · Reply Seiko makes very good watches. Seiko is one of the few brands that makes its own movements, along with Patek Philippe, Jaeger-LeCoultre, Rolex, and Citizen. And, occasionally, Omega. Oh, and Zenith. The rest buy their movements from others and just make the case and bracelet. Dogadoga Monday, August 19, 2013 - 11:33 am · Reply Um, but the “iWatch” is still a rumor! Kosata Monday, August 19, 2013 - 11:51 am · Reply Perhaps a democratic tip of the hat for Jesse Jackson, Jr and his desire/need for a nice $40,000 tax Rolex wristwatch to wear when mingling with his wealthy base of supporters? trondude Monday, August 19, 2013 - 11:59 am · Reply Rich people buy these watches just to one up their other rich friends. They do not care about function, just to show off. After all, what else can they do? trondude Monday, August 19, 2013 - 12:00 pm · Reply Actually, I meant, its all about the competitiveness. ramiuseng Monday, August 19, 2013 - 1:01 pm · Reply I am sure the guys at Patek Phillipe are quaking in their boots. John Gee Monday, August 19, 2013 - 1:37 pm · Reply iWatch: the Casio Data Bank update we’ve been waiting for MacDust Monday, August 19, 2013 - 10:15 pm · Reply I want Facetime on my iWatch, like Dick Tracy Parallels Desktop 8 for Mac is here. Run Windows on Mac without rebooting. Add Your Feedback Name (required) Email (required) Web cancel reply Notify me of follow-up comments via email. Notify me of new posts via email. 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